Economy: Inflation Hits 20.52% In August

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The National Bureau of Statistics had said that Nigeria ‘s headline inflation climbed to a new high of 20.52 per cent in August on a year–on–year basis.

This was 3.52% points higher compared to the rate recorded in August 2021, which was (17.01%).

This is contained in the federal statistics office’ Consumer Price Index report for the month of August 2022.