Inflation in Nigeria jumped to 25.80% in August from a previous reading of 24.08%.
In its most recent Consumer Price Index Report for August 2023, the National Bureau of Statistics made this information public on Friday.
The headline inflation rate for August 2023 increased by 1.72 percent from July 2023.
The headline inflation rate was 5.27% points higher year over year than the 20.52% rate seen in August 2022.
In light of this, the graph showed that the headline inflation rate rose in August 2023 when compared to the same month the year before (August 2022).
