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The consumer price index (CPI) in Nigeria, which gauges how the inflation for goods and services rise, increased from 22.79 percent in June to 24.08 percent in July 2023.
The most recent statistic represents the country’s inflation rate’s seventh straight increase this year.
In its CPI report for July 2023, which was published on Tuesday, the National Bureau of Statistics (NBS) accurately depicted the inflationary trend across the country.
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