Inflation Rate 2024 In Nigeria. In 2023, nigeria recorded one of the highest inflation rates in the world at around 25 percent. The headline inflation rate in june 2024 increased by 0.24% points in june when compared to the figure for may 2024.
In the latest inflation report released by the national bureau of statistics (nbs), nigeria’s inflation rate for january 2024 has surged to 29.90%, marking a significant increase from the 28.92% recorded in the preceding month. The 2022 average figure was 18.8%.
Though This Is Lower Than 3.1 Percent Growth Projection For Nigeria In 2024, It Is Higher Than Growth Estimates Of Most Emerging Markets (Ems), According To The Imf’s Latest World Economic Outlook Released On Tuesday.
In april 2024, the headline inflation rate rose to 33.69%, up from 33.20% in march 2024, marking an increase of 0.49% points according to the nigeria bureau of statistics (nbs).
The Table Indicates For Each Item, An Attached Weight And Consumer Price Index As Well As Three Indicative Rates Of Inflation.
Growth is projected at 2.9 percent for 2023, and 3 percent in 2024, as hydrocarbon performance revives, including from better control of theft.
Inflation Rate 2024 In Nigeria Images References :
Inflation Rate In Nigeria Increased To 34.19 Percent In June From 33.95 Percent In May Of 2024.
The table indicates for each item, an attached weight and consumer price index as well as three indicative rates of inflation.
This Figure Aligns Closely With Stears' Bear Forecast Of 33.91% (Base:
Nigeria inflation rate for 2022 was 18.85%, a 1.89% increase from 2021.