Nigeria inflation falls to 11.22% - lowest in one year - Premium Times Nigeria

The National Bureau of Statistics on Monday said the Consumer Price Index which measures inflation rate dropped to 11.22 per cent in June 2019.The NBS disclosed this in its latest inflation report posted on its website.

It also said that on month-on-month basis, the headline index increased by 1.07 per cent in June, representing 0.04 per cent rate lower than the 1.11 per cent recorded in May. “The urban inflation rate increased by 11.61 per cent in June 2019 from 11.76 per cent recorded in May 2019, while the rural inflation rate increased by 10.87 per cent in June 2019 from 11.08 per cent in May 2019.

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