Nigeria’s inflation eased sharply lower in June to eleven-point-
two-two percent year on year, a zero-point-one-eight percent points decrease than
eleven-point-four percent posted in May.
Latest data released by the National Bureau of Statistics today showed that the headline
index fell to one-point-one-seven percent on a month-on-month basis, indicating a
decline of zero-point-zero-four percent points from the rate recorded in May.
The composite food index stood at thirteen-point-five-six percent in June, compared to
the previous months thirteen-point-seven-nine percent as increases were recorded in
prices of bread and cereals, meat, fish, vegetables and fruits among others.