Nigeria: Inflation ticks down to four-month low in June
July 16, 2021
Consumer prices increased 1.06% over the previous month in June, up from May’s 1.01% rise. The print largely came on the back of higher price pressures for food.
Inflation ticked down to 17.8% in June from May’s 17.9%, marking the lowest reading in four months. Meanwhile, the trend pointed up as annual average inflation came in at 15.9% in June (May: 15.5%). Lastly, core inflation, which exclude volatile agricultural produce, clocked in at 13.1% in June, matching May’s reading.