According to new statistics from the Nigerian Bureau of Statistics, headline inflation has risen for yet another month. It continues a worrying rise in headline inflation since February 2016.
Headline inflation is determined by the Consumer Price Index, measuring the cost of purchasing a fixed basket of goods, as a way of determining how much inflation is occurring in the broad economy.
Headline inflation rose to 16.5% in June 2016 and rose by 1.2% to 17.1% in July 2016.
July 2016 inflation in info graphics pic.twitter.com/CYLp80pRb7
— Dr Yemi Kale (@sgyemikale) August 31, 2016