Skip to content
Markets
Economics

Nigeria Inflation at 17-Year High as Bread, Gas Costs Soar

  • Consumer prices rose 19.6% in July compared with 18.6% in June
  • Surge in inflation may see central bank hike rates on Sept. 27

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Nigeria’s inflation rate climbed to a near 17-year high in July, fueled by bread, cereal, gas and transport costs.