Nigeria’s Inflation Jumps To 24.08% In July

Nigeria’s Inflation Jumps To 24.08% In July — NBS - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Nigeria’s Inflation Jumps To 24.08% In July — NBS (10170 Views)

Nigeria’s Inflation Jumps To 24.08% In July — NBS by Omooba77(op): 1:37pm On Aug 15, 2023

Nigeria’s headline inflation jumped to 24.08 per cent in July 2023, the National Bureau of Statistics has revealed.

This is the highest recorded leap in 2023 and a while.

In June, inflation was recorded at 22.79 per cent, but has now jumped by 1.29 percentage points.

The NBS said, “In July 2023, the headline inflation rate rose to 24.08 per cent relative to June 2023 headline inflation rate which was 22.79 per cent.

“Looking at the movement, the July 2023 headline inflation rate showed an increase of 1.29 per cent points when compared to June 2023 headline inflation rate.

“On a year-on-year basis, the headline inflation rate was 4.44 per cent points higher compared to the rate recorded in July 2022, which was 19.64 per cent. This shows that the headline inflation rate (year-on-year basis) increased in July 2023 when compared to the same month in the preceding year (i.e., July 2022).”

https://punchng.com/breaking-nigerias-inflation-jumps-to-24-08-in-july-nbs/

2 Likes 1 Share

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Taylor90: 1:39pm On Aug 15, 2023*

If I'm Peter Obi I'll just withdraw this case from court and allow Nigerians suffer this for another
4yrs

The ones wey survive am go use their hand get sense by force

FYI this is the best of Tinubu

Imagine tribunal upholds Tinubu's stolen mandate

Na that time he will show his true colors

He's just doing his best now to win you guys heart

Imagine what his worst will be if this is his best

The cocaine sniffer was busy signing bills up and down una dey rejoice he kicked the ground running

Where are the effects of the bills now?

Nonsense

162 Likes 24 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Ofunaofu: 1:43pm On Aug 15, 2023

2 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by CodeTemplar: 1:47pm On Aug 15, 2023

Back to back bad news.

36 Likes 2 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Taylor90: 1:52pm On Aug 15, 2023*

CodeTemplar:
Back to back bad news.

DJ Ebola on the beat

Make some noise

By the time he’s done mixing you people like DJ KY Mule

All of you will go bald by force

Buhari must be very happy wherever he is now that someone has broken his record as the world worst president

125 Likes 11 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by EmperorCaesar(m): 1:53pm On Aug 15, 2023

Obi-diots that were shouting "Shey na stats we go chop" would come here to use this as the metrics to judge BAT's govt

Double standards everywhere... Emotionally fickle like women

4 Likes 5 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Racoon(m): 2:05pm On Aug 15, 2023

The real economic indices are just pointing to an uncontrollable double-digits galloping inflation. This is the effect of reactionary and itchy balabloo-blu-bulava heroin drug baron economics that was being overhyped by his zombies as progress. It remains the more constricting austerity measures.

30 Likes 3 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Taylor90: 2:09pm On Aug 15, 2023*

EmperorCaesar:
Obi-diots that were shouting "Shey na stats we go chop" would come here to use this as the metrics to judge BAT's govt

Double standards everywhere... Emotionally fickle like women

This one go soon enter market

Shifting goal post

Mumu

See I’m Taylor of Nairaland

I’m the worst person to troll in Nairaland incase you’re just joining us

Only me can single handedly defend all the 35million registered Obidient voters in Nigeria

Same only me can attack all APC miscreants on the cyber space and still win

Avoid me I get bad mouth

Ask your superiors

121 Likes 17 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by EmperorCaesar(m): 2:21pm On Aug 15, 2023

Taylor90:
This one go soon enter market

Mumu

You have comprehension issue and thats the identity of true Obi-diots

They struggle with simple statements
He-gbo guy claiming Rivers state indigene...This coward cheesy

1 Like 2 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by PHIPEX(m): 2:21pm On Aug 15, 2023

Where are those celebrating IGR? come o, your god is doing wonders across the nation

High inflation+High fuel cost+ falling value of Naira+ Increasing unemployment rate + low national productivity = High multidimentional poverty.

Let's wait and see where we will all be after 6months of this confusion

46 Likes 10 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Danidinho4: 2:21pm On Aug 15, 2023

There's no day we don't wake up to bad news as Nigerians. Too bad

11 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by APC2: 2:27pm On Aug 15, 2023

Things are very hard for many Nigerians. We hope things improve

7 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Ikaeniyan0: 2:28pm On Aug 15, 2023

And is not even ready to slow down yet

9 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by ai9090: 2:34pm On Aug 15, 2023

God help us

I want to sell my LG Side By Side GC-B207WVQ Refrigerator

1 Like

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Zxcvbnmghtr: 2:38pm On Aug 15, 2023

It is expected. Prices will rises for the main time. We are in the right direction.

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Blaze14k: 3:24pm On Aug 15, 2023*

Lol Ebola said we should be patient.. na only apc members dey enjoy this regime u can buy things cheap just enter apc.

Meanwhile my dog never chop since morning e say e wan join apc😂🤣😂

22 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by seunlayi(m): 3:25pm On Aug 15, 2023

No doubt, Nigeria need a lifeline at this time otherwise

3 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Earthquakes: 3:25pm On Aug 15, 2023

The inflation is only in the east, SW are having fun grin

30 Likes 1 Share

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by ResidentTom: 3:25pm On Aug 15, 2023

Nothing works in Nigeria.

1 Like

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by ThiefnubuBandit(f): 3:25pm On Aug 15, 2023

We refuse to believe this. In Osogbo, we still buy fuel N150 per litre. Some of my agbado club members who reside in Iragbiji said they still buy fuel N90 per litre. This inflation news is peddled by enemies of Nigeria. We are patriotic and sorostificated.

52 Likes 5 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by crossfm: 3:26pm On Aug 15, 2023

Which kind one chance we enter like this?.

It's no longer funny oh,the hardship is just too much.

They are sharing millions,and ask the common man to be patient.

Crime rate will soon become crazy.

29 Likes 4 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Earthquakes: 3:26pm On Aug 15, 2023

EmperorCaesar:
You have comprehension issue and thats the identity of true Obi-diots

They struggle with simple statements
He-gbo guy claiming Rivers state indigene...This coward

Are you this senseless or are you just pretending to be huh

37 Likes 4 Shares

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by gloryman91(m): 3:26pm On Aug 15, 2023

Na so NBS go dey calculate rubbish.

Time wey Dem say 1% who the thing help?

2 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Conner44: 3:26pm On Aug 15, 2023

Yes this is wonderful news grin

May this inflation percentage favor me and my family cool

15 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by GreyCloud: 3:26pm On Aug 15, 2023

Nigeria is on fire.

8 Likes 1 Share

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by fastseo: 3:26pm On Aug 15, 2023

Dollar is now 950 from 700 in black market and 440 to 750 official rate and with this comes subsidy removal all at same time and we also also drumming for war in Niger forgetting that most essential food items comes also through that point.

in the next 4 months Nigerian will fully understand the true situation

14 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by chris20000: 3:26pm On Aug 15, 2023

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by nairalanda1(m): 3:26pm On Aug 15, 2023

EmperorCaesar:
Obi-diots that were shouting "Shey na stats we go chop" would come here to use this as the metrics to judge BAT's govt

Double standards everywhere... Emotionally fickle like women

Still shows that BAT'S party brought us this mess, and they better get fixing it.

If Obi was in charge, you would have been shouting at him. Ditto Atiku.

109 Likes

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by MrPOTUS: 3:27pm On Aug 15, 2023

Pa Adebanjo warned us about this vegetable, but some useless Omo ales insulted him and still voted Tinubu.

Hope you're enjoying your renewed shege tongue

21 Likes 1 Share

Re: Nigeria’s Inflation Jumps To 24.08% In July — NBS by Pusyiter(m): 3:27pm On Aug 15, 2023

Trying to understand the essence of fuel subsidy removal if it will deplete us to this level?
I wonder which economic blueprint can bring us out of this imbroglio

13 Likes

1 2 3 4 Reply

Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black Market • Food Prices Continue To Rise In July- NBS • February 2021 Inflation Rate Rises To 17.33% As Food Inflation Jumps To 21.79% • 2 • 3 • 4

Bandits Kill 13 Farmers In Niger State • ‘He Was Part Of My Family’ – Tinubu Pays Tribute To Dantata • The Injustice And Disgrace Going On In Port Harcourt