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Research Document: Breaking a 19-Month Rising Trend: Inflation Eases to 32.2% in August 2024


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Posted Wed, Sep 18, 2024 10:44 AM

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The National Bureau of Statistics (NBS) reported a decline in headline and food inflation rates in August 2024, marking the second consecutive decrease after 19 months of continuous increase. However, despite this relief, all measures of inflation during this period remain significantly higher than the rates recorded in August 2023.

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2024 © The Nigerian Economic Summit Group.

All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).