Tag: Inflation in Nigeria
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As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty
On Wednesday June 15, 2022, Nigeria’s National Bureau of Statistics (NBS) released the Consumer Price (CPI) Index report which showed the country’s inflation rate at an 11-month high of 17.71%, up from 16.82% in April. The report, which was seen by Business Insider Africa, noted that the increase was driven mainly by skyrocketing food and…