The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 19.64 percent in July 2022, up from 18.60 percent in the previous month.

The development indicates a 1.82% month-on-month increase — and the highest ever inflation rate recorded since September 2005

The National Bureau of Statistics (NBS) said this on Monday in its consumer price index (CPI) report for July 2022.

On a month-on-month basis, NBS said the headline inflation rate in July 2022 was 1.817 %, which was 0.001% higher than the rate recorded in June 2022 (1.816 %).



“The percentage change in the average CPI for the twelve months period ending July 2022 over the average of the CPI for the previous twelve months period was 16.75%, showing a 0.46% increase compared to 16.30% recorded in July 2021,” the report reads.

More to follow…

https://www.thecable.ng/breaking-nigerias-inflation-rate-hits-19-64-highest-since-2005/amp

What Buhari cannot destroy does not exist

TRADELYN:
It's actually 59% in the market.

Buhari ensured he destroyed anything good......

Nigeria can't produce anything now.......

We must reject APC in 2023

The sufferings is too much

I keep telling Nigerians that its Peter Obi or bread for 5000. The choice is yours.

But they said that....

"Osibanjo will handle the economy...

say no to APC.

APC always break records in the wrong way.

wetin dey pain me pass be say Buhari use 6ix good months to search/appoint cabinet members!

i was hyped, i said dis man is a genius.

This is fake news, wicked media, it's over 500%

Naijeria !!
Naijeria !!
APC !!
APC !!

From Top to bottum
Top to bottum

Yes oo our darling daddy have been working all these years thanks to our resident prayer warrior ....

APC has finished Nigeria patapata...

God forbid anything directly or indirectly related to APC returning to power in 2023..

In buhari apc presidency, Nigerians have a driver that does not know where he is driving to

If you are a Tinubu supporter, you deserve to be stoned!

Oloriburuku gbogbo

Zombies are not affected by any hit in Inflation...

We have now metamorphosized to Urchins and God willing, our second daddy Tilumbu will continue from where our first daddy Poo'hari stopped .. Insha Allah..

Abdullah karrem Afeez.. for Tilumbu support group

Na the masses dey suffer the pain.
We can only change things with our votes.

Let's vote wisely

Tetrahedron:
If you are a Tinubu supporter, you deserve to be stoned!

Oloriburuku gbogbo

Rara oo just Mynd your business.......

The creeping inflation have become overtly manifest. The results of a cluelessness by a govt who sees the solution to every economic problem is the impulsive urge to borrow money.

YourhealthNG2:
APC has finished Nigeria patapata.God forbid anything directly or indirectly related to APC returning to power in 2023..

Amen! A government of inflation, recession, insecurity and killers. These bastards are wicked and satanic.

APC. Make campaign do start abeg. I want to see what they will campaign with. Party of crooks supported by demon possessed touts

I hope those who normally vote to "deal with igbos" are getting everything for free from their kinsmen in high places

Wonderful achievement Sai baba

Lol

Guess what…

Tinubu wants to continue where Buhari stops and fools still want to vote for him.

God forbid BATing

Is this the one they call runaway inflation!?

The popularity and acceptability of the former Anambra State governor is so high that the opponents and enemies alike would not be able to pull him down no matter the campaign of calumny.

Tinubu urchins should take note of the bolded

.

The common man is really going through a lot in Nigeria