Economics
Nigeria Inflation Quickens for 11th Straight Month on Food Costs
- Consumer prices rose 12.8% in July from a year earlier
- Annual food inflation accelerated to 15.5% from 15.2%
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Nigerian inflation accelerated for the 11th straight month in July as a weakened currency and continued border closures drove up food prices.
Consumer prices climbed 12.8% from a year earlier, compared with 12.6% in June, Abuja-based National Bureau of Statistics said in a report published Monday on its website.