JUST IN: Nigeria’s inflation reduces in July – NBSc

The average change in the prices of foods and services reduced in July compared to June, the statistics bureau, NBS, has said.

According to the NBS, the Headline Inflation reduced to 11.08 percent in July from 11.22 percent in June.

Food Inflation reduced from 13.56 percent in June to 13.39 percent in July while the Core Inflation reduced from 8.84 percent in June to 8.80 percent in July.

Details later…