Inflation drops by 0.34% in July

Inflation drops by 0.34% in July

Nigeria’s headline inflation decreased to 21.88% Rate July, according to a report by the National Bureau of Statistics (NBS). The report said July’s figure is a minimal drop of 0.34% when compared to the 22.22% rate for June. It said the three major contributors to the headline inflation were food and non-alcoholic beverages: 8.75%, restaurants and accommodation services: 2.83%, and transport: 2.33%; while the least contributors were recreation,…