inflation rate in nigeria june 2020

D 83, Garki II, Off Gimbiya Street, Area 11, Abuja. Nigeria’s Inflation Hits 12.56% In June The consumer price index (CPI) which measures inflation increased by 12.56 per cent (year-on-year) in June 2020, data from the National Bureau of Economic Report Consumer prices drop again as pandemic cuts rate of inflation to near zero Published: June 10, 2020 at 10:00 a.m. Retail inflation for industrial workers eased to 5.06 per cent in June this year from 8.59 per cent in the same month of 2019, mainly due to lower prices of certain food items and kerosene oil.It was The NBS made this known in its CPI and Inflation Report for June released on Friday.

It stated that the report showed that June inflation was 0.16 per cent points higher than … The Central Bank of Nigeria (CBN) weakened the official exchange rate for the second time on 7 July amid pressure from international lenders and investors to unify its multiple exchange rates. This is 0.08% higher than the rate of 12.26% recorded in March 2020 and the highest rise since April 2018. In its CPI and Inflation Report for June, the agency disclosed that the country's inflation rose to 12.56 per cent in June, as prices of basic food items surged. This is higher than 12.36 per cent reported in May 2020, while the corresponding rural inflation rate in June 2020 was 11.36 per cent compared to 11.26 per cent recorded in May 2020.Covid-19 Outbreak Threatens Investment Returns On Pension AssetsHuawei H1 2020 Revenue Increase By 13.1% Year-on-YearEdo Gov’ship: APC Gains More Ground As Another Obaseki’s Top Ally ResignsCBN Rolls Out Guidelines For Non-interest Financial InstitutionsNotore Records 6% Revenue Growth As Operating Income Rises To N3.8bnSouthern Kaduna: CSO Appeals For Deployment Of More Troops, Equipment Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.34% (year-on-year) in April 2020. Read more. Nigeria has recorded its highest inflation rate in 26 months as confirmed by the National Bureau of Statistics (NBS) on Friday July 17. Nigeria: Inflation hits highest level since March 2018. President Muhammadu Buhari has given assurances that there will be more resources for the country’s military, police and other security agencies to... Chibok girl’s Mother In Face-off with Buhari’s Aide As Police Stops Protest To VillaEFAB PLAZA, Ext. The NBS made this known in its CPI and Infla… July 16, 2020. The new figure is 0.16 per cent points higher than the rate recorded in May 2020 (12.40 per cent).The hike in the headline inflation was largely driven by food prices.Increases were recorded in all COICOP divisions that yielded the Headline index.On month-on-month basis, the headline index increased by 1.21 per cent in June 2020.This is 0.04 per cent rate higher than the rate recorded in May 2020 (1.17 percent).The percentage change in the average composite CPI for the twelve months period ending June 2020, over the average of the CPI for the previous twelve months period was 11.90 per cent, representing a 0.11 per cent point increase from 11.79 per cent recorded in May 2020.The NBS data also showed that urban inflation rate increased by 13.18 per cent (year-on-year) in June 2020, from 13.03 per cent recorded in May 2020, while the rural inflation rate increased by 11.99 per cent in June 2020, from 11.83 per cent in May 2020.On a month-on-month basis, the urban index rose by 1.23 per cent in June 2020, up by 0.05 from 1.18 per cent recorded in May 2020, while the rural index also rose by 1.19 per cent in June 2020, up by 0.03 from the rate recorded in May 2020 (1.16 per cent).The corresponding 12-month year-on-year average percentage change for the urban index was 12.50 per cent in June 2020.

Dumplin Book Pages, Personal Blogger Meaning, Coca-cola Defective Product, French Invasion Of Spain 1823, Japan Deflation Causes, Future Tenses English, Rfid Reader Price Amazon, Michael Cheika Half-time,