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Nigeria’s Inflation Rate Climbs to 34.19% in June

  • Food prices and a weaker currency drive inflation surge
  • Government suspends duties on food imports to combat rising prices

Abuja, Nigeria – Nigeria’s annual inflation rate continued its upward climb in June to 34.19%, largely driven by food prices and a weaker currency. This compares with 33.95% recorded in May, according to data released July 15 by the National Bureau of Statistics.

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