Abdulwahab Isa Inflation continued its consistent rise in the month of June settling at 22.79 percent, higher than the 22.41 percent position in May.
The June 2023 inflation rate showed an increase of 0.38% points when compared to May 2023 headline inflation rate.
On a year-on-year basis, the Headline inflation rate was 4.19% points higher compared to the rate recorded in June 2022, which was 18.60%.
This shows that the Headline inflation rate (year-on-year basis) increased in June 2023 when compared to the same month in the preceding year (i.e., June 2022).
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