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Nigeria’s inflation raises to 16.5% in June, highest in a decade

Posted by: Lolade in Breaking News, Business Comments Off on Nigeria’s inflation raises to 16.5% in June, highest in a decade

Nigerian inflation quickened to the most elevated rate in nearly 11 years in June. The rate increased to 16.5% from 15.6% in May, National Bureau of Statistics said in an announcement yesterday. That is the highest rate since October 2005, as per information on the CBN’s site.

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