Nigeria’s annual inflation rises to 17.1 percent in July, food prices almost triple

August 31, 2016 9News Nigeria Breaking News, Featured, Hot News, Nigerian economy, Trending News 0

Tomatoes are displayed in baskets for sale at a local food market in Lagos December 16, 2013. REUTERS/Akintunde Akinleye

LAGOS (Reuters) – Nigeria’s annual inflation rose to 17.1 percent in July from 16.5 percent in June, the country’s statistics office said.

Food inflation rose to 15.8 percent in July from 15.3 percent the previous month, the office added.

(Reporting by Chijioke Ohuocha; Editing by Toby Chopra)

 

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