News Formal

Nigeria's consumer inflation at highest in more than five years - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Nigeria’s annual inflation quickened to its highest level in five and a half years in June, official data showed on Friday, driven by rising prices of staples like bread, rice and maize and the cost of diesel, which is used to generate power.

[File Photo]: People buy and sell vegetables at Mile 12 International Market in Lagos, Nigeria May 13, 2022.[File Photo]: People buy and sell vegetables at Mile 12 International Market in Lagos, Nigeria May 13, 2022.

Food prices, a major headline component for Nigerian inflation, were up 20.6% year-on-year in June. Core inflation, which excludes prices of farm produce, was up 2.66 percentage points to 15.75% during the period. Inflation, at its highest since January 2017, and the state of the economy are major issues for voters as the country heads for a national election in February, when incumbent President Muhammadu Buhari will step down.

“The combined effect of power costs, exchange rate depreciation and money supply saturation is manifesting in a spiralling inflationary cycle,” Financial Derivatives Company said in a note to clients.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Africa is a land of fools. Nigeria is the 9th world largest oil exporter yet they buy diesel at an insanely exorbitant price

MYANC government you sold out our people, you became greedy.PhalaPhalaFarmGate RamaphosaMustGo 31Questions GlencoreCorruption bosasa moneylaundering Kidnapping torturing GBV bribe VoetsekSAMedia PresidentProtector MarikanaMassacre CyrilRamaphosa BorisJohnson

Nigeria is useless country ever since Fulani Government took over in uniform of uncle Bubu government. We are BIAFRA NATIONS Not Gowogeria. FREE MNK

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 37. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

LIVE | EFF media briefing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.LIVE | The Economic Freedom Fighters media briefing is likely to outline plans to initiate proceedings to have President Cyril Ramaphosa removed from office. EFFPresser Another match I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. After a session with Mazotti, he has instructed Malema!
Источник: SABCNews - 🏆 37. / 51 Прочитайте больше »

SATAWU rejects 3.5% wage increase - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Transport and Allied Workers Union (SATAWU) has rejected the 3.5% wage increase that the employers’ organisation Security Private companies has proposed. Unions will be bribed and accept shit offer.
Источник: SABCNews - 🏆 37. / 51 Прочитайте больше »