Nigeria’s headline moderated to 21.88 per cent year-on-year in July as the harvest season kicked in.
According to analysts at FBNQuest, the easing in July’s inflation reading, driven by a high base effect, the commencement of the food harvest season, and improved stability across key inflationary drivers.
The headline inflation rate moderated to 21.88 per cent year-over-year in July, down from 22.22 per cent recorded in June.