- The NBS has said that the country's inflation rate rose in June
- The statistician-general of the federation/CEO NBS, Yemi Kale, noted that Nigeria’s headline inflation increased by 12.56% in June
- Kale stressed that this is 0.16% points higher than the rate of 12.40% recorded in May 2020
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The National Bureau of Statistics (NBS) in its June inflation report released on Friday, July 17, said increases were recorded in all divisions that yielded the headline index.
Legit.ng reports that Nigeria’s Consumer Price Index (CPI) which measured inflation increased by 12.56% (year-on-year) in June 2020, added that this is 0.16% points higher than the rate of 12.40% recorded in May 2020.
The report says that on a month-on-month basis, the headline index increased by 1.21% in June 2020, saying that this is a 0.04% rate higher than the rate recorded in May 2020 (1.17%).
According to the report, the percentage change in the average composite CPI for the twelve months period ending June 2020, over the average of the CPI for the previous twelve months period was 11.90%, representing a 0.11% point increase from 11.79% recorded in May 2020.
"Year on year: Headline inflation at 12.56% in June 2020 from 12.40% in May 2020. Food inflation at 15.18% in June 2020 from 15.04% in May 2020. Core inflation at 10.13% in June 2020 from 10.12% in May 2020," the NBS tweeted.
Meanwhile, Legit.ng had previously reported that the NBS said 24% of households in Nigeria do not have sufficient soap to wash hands to prevent the spread of COVID-19.
It was reported that the NBS stated this in a report released on Tuesday, July 14, as it added that 7% of households reported insufficient water for washing hands.
Experts advised that the government should focus on addressing the challenges in the slums like water shortages and unemployment.
An estimated 80% of those infected with COVID-19 are asymptomatic meaning that they don't show any symptoms. Health experts say by always washing hands or using alcohol-based hand sanitisers, people can be safe from coronavirus.
Last month, a report by the NBS revealed that 42% of hitherto employed Nigerians lost their jobs due to the adverse impact of the COVID-19 pandemic.
The report which was published on Friday, June 5 was titled COVID-19 National Longitudinal Phone Survey (COVID-19 NLPS).
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