Food, Transport, Housing And Restaurants Drive 72% Of Nigeria’s Inflation
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6 Articles
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nachrichten.atLower food prices have dampened inflation. Since the beginning of July, the VAT reduction has been resorting to some basic foodstuffs.
Inflation stood at 2.8 percent in July. The reduction in VAT on staples has slightly dampened the inflation. The daily purchase became cheaper.
Inflation in Austria continues to weaken. In July, the inflation rate fell noticeably to 2.8 percent. This is mainly due to cheaper food and government tax cuts.
Food, Transport, Housing And Restaurants Drive 72% Of Nigeria’s Inflation
Nigeria’s inflation remains heavily concentrated around everyday living costs with food, transport, housing and restaurant services accounting for 72% of the country’s overall price pressure in July. An Investors King analysis of the National Bureau of Statistics’ July Consumer Price Index data showed that food, transport, housing and restaurant-related services contributed a combined 11.11 percentage […] The post Food, Transport, Housing and Re…
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