For the first time in twenty four months, Nigeria’s headline inflation decelerated by 0.8 percent points, settling at 33.40% in the month of July compared to June 2024 inflation rate of 34.19%.
The National Bureau of Statistics (NBS) disclosed this on Thursday in its monthly inflation report for July 2024.
According to the report, On a year-on-year basis, the headline inflation rate was 9.32% points higher compared to the rate recorded in July 2023, which was 24.08%.
This shows that the headline inflation rate (year-on-year basis) increased in July 2024 compared to the same month in the preceding year (i.e., July 2023).
Furthermore, on a month-on-month basis, the headline inflation rate in July 2024 was 2.28%, which was 0.03% lower than the rate recorded in June 2024 (2.31%).
This means that in July 2024, the rate of increase in the average price level was lower than the rate of increase in the average price level in June 2024.
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Additional clues may be derived by asking whether the patient has consumed raw or poorly cooked foods eg, raw or undercooked eggs, meats, shellfish, fish , unpasteurized milk or juices, home-canned goods, fresh produce, or soft cheeses made from unpasteurized milk.
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Sneezing, dry cough, runny nose, and sore throat may continue for several days.