Nigeria inflation eases to 12.8 pct yr-yr in July

Category: Nigerian Economy


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Nigeria inflation eases to 12.8 pct yr-yr in July

 

Friday August 17, 2012

Nigeria's consumer inflation eased slightly to 12.8 percent year-on-year in July, from 12.9 percent year-on-year in June, statistics showed on Friday, surprising many analysts who had expected inflation to rise.
 

Food inflation, the largest contributor to the headline index, rose slightly to 12.1 percent year-on-year in July, compared with 12.0 percent in June, the National Bureau of Statistics (NBS) said in a report.
 

 

Source: Reuters

 



Tags: Nigeria inflation ,  Nigeria's consumer ,  Analysts,  Food Inflation,  NBS, 


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