The Consumer Price Index
(CPI), which measures inflation, rose by 0.9 percent to 16.5 per cent in
June compared to 15.6 percent in May, according to the National Bureau
of Statistics (NBS).
This is the fifth consecutive month that
the headline index would increase relatively strong.
The increase in the month
under review was attributed to energy prices, imported items and related
products which continued to be persistent drivers of the core
sub-index.
According to the CPI figures
for June, which was released on Monday by the statistical agency, the
highest price increases were noticed in the electricity, liquid fuel
(kerosene), furniture and furnishings, passenger transport by road, and
fuels and lubricants for personal transport equipment.
By James Emejo in Abuja
source: This Day
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