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Trending News: LAWYER WHO LED PROSECUTION AGAINST TRUMP RESIGNS, FLEES USBOKO HARAM KILLS 40 FARMERS IN BORNO, DOZENS MISSINGFUBARA WINS AS COURT NULLIFIES RIVERS PDP CONGRESSESLAGOS LAWMAKERS IMPEACH SPEAKER AMID MULTIBILLION-NAIRA FRAUD ALLEGATIONPROTEST AT PDP HEADQUARTERS OVER TUSSLE FOR NATIONAL SECRETARY POSITIONLAGOS-CALABAR COASTAL ROAD MISSING IN 2025 BUDGETFG ACCUSES NNPCL OF FINANCIAL IRREGULARITIES, DIVERT N2.68TRN, $9.77MUNTIL PRICE OF FUEL IS AFFORDABLE THERE IS NOTHING TO REJOICE ABOUT RESUMPTION OF REFINERIES – KENNETH OKONKWOHOW ABACHA REBUFFED CARTER’S EFFORTS TO SECURE MY FREEDOM – OBASANJOFIVE GOVERNORS MAY DUMP PARTY AHEAD 2027TINUBU WASN’T ELECTED BY NIGERIAN PEOPLE, HE WAS SELECTED BY ELECTORAL COMMISSION, INEC – SOWORESERAP DRAGS TINUBU, 36 GOVERNORS TO ECOWAS COURT OVER MISUSE OF CYBERCRIMESMANY FEARED KILLED IN ZAMFARA AIRSTRIKEKANO EMIRSHIP TUSSLE: BAYERO REJECTS APPEAL COURT JUDGEMENT: HEADS TO SUPREME COURTGHANA’S NEW PRESIDENT REDUCES MINISTRIES FROM 30 TO 23 TO SAVE COSTALLURING PLACES OF INTEREST IN ENUGU STATE, BY ONYEKACHI EZEARMED HERDSMEN KIDNAP THREE SOLDIERS, 35 PASSENGERS ON ENUGU-NSUKKA ROADCOURT ORDER BARRING ME FROM OHANAEZE ELECTION A HOAX – EX-IGP, OKIRO29-YEAR-OLD MAN ARRESTED FOR KILLING MOTHER FOR RITUALSHOW AGGRIEVED PASSENGER GROUNDED ABUJA-BOUND AIRCRAFT LEFT TRAVELLERS STRANDEDECONOMIC ACTIVITIES RETURN TO SOUTH EAST AFTER YULETIDEFRANCOPHONE AFRICA IS ABANDONING FRANCE. WHAT WENT WRONG?FG, 21 STATES TO EYE N2.5TN VAT REVENUE IN 2025FG BEGINS DIRECT ALLOCATIONS TO LGS THIS MONTHENUGU RANGERS STILL FANNING THE FLAMESENUGU MONARCH SUSPENDED OVER ILLEGAL MININGIPMAN OPTIMISTIC OF IMMINENT DROP IN FUEL PRICESLESSONS FROM OHANAEZE NDIGBO ELECTION, BY ATIKU ABUBAKARNATIONAL GRID TRIPPED OFF, DIDN’T COLLAPSE – TCNHOW POOR REGULATION OF INSTANT PAYMENT SYSTEM FUELS CRIMINALITY IN NIGERIANIGERIAN ARMY REDEPLOYS SENIOR OFFICERSIDOLATRY FASTEST GROWING RELIGION IN SOUTH EAST – SOLUDO, URGES CHRISTIAN LEADERS TO SALVAGE THE SITUATIONSACKED PDP NATIONAL SECRETARY, ANYANWU, RISKS JAIL AS COURT ISSUES LAST WARNINGDESPITE BORROWING OVER $3.2BN, NIGERIA’S POWER GENERATION REMAINS AT 4500MWEFCC INVITES OKOYA BROTHERS OVER NAIRA ABUSE IN VIRAL VIDEONIGERIA FOOLING ITSELF OVER BORDER CLOSURE – NASSMASS KIDNAPPINGS: SOUTH-EAST TOPS RANSOM PAYMENTS, ACCOUNTS FOR 40% NATIONWIDEPOLICE ARREST CONTRACTOR OVER N1.09BN FRAUD IN ENUGURIVERS GOVERNOR, SIM FUBARA, CHALLENGES 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32 HOUSES BURNTI PLOTTED, SCRIPTED FAYOSE’S IMPEACHMENT WITH OBASANJO – EX-BUHARI’S AIDEAPC AFRAID OF PETER OBI’S RISING INFLUENCE AHEAD OF 2027 – LABOUR PARTY STAKEHOLDERSLAWMAKERS TACKLE TINUBU’S ECONOMIC TEAM OVER 2025 BUDGET PLANNIGERIA ASKS UN TO PROBE BOKO HARAM’S FUNDING, TRAININGX USERS LAMBAST APC NATIONAL SECRETARY, FELIX MORKA, OVER THREAT ON PETER OBITINUBU GOVT SPLITS NIGERIAN COLLEGE OF AVIATION INTO SIX CAMPUSES20 NIGERIAN WORDS MAKE LATEST EDITION IN ENGLISH OXFORD DICTIONARYKADUNA AIRSTRIKE THAT KILLED 24 PEOPLE, A PROFESSIONAL MISTAKE – CHIEF OF DEFENCE STAFFTINUBU GOVT OKAYS TARIFFS HIKE BY MTN, AIRTEL, GLOANAMBRA CATHOLIC PRIEST RESIGNS, EMBRACES AFRICAN TRADITIONAL RELIGIONREPORT CIRCULATING ON INTERNET OF MY ARREST FALSE – PETER OBIMOST HERBALISTS’ SHRINES IN ANAMBRA, DEN OF KIDNAPPERS – RESIDENTS TO SOLUDONIGERIAN GOVT GETS $255M CHINESE LOAN FOR KANO-KADUNA RAILWAY PROJECTGOVERNOR MOURNS AS AIDE DIES 24 HOURS AFTER APPOINTMENTHOW I GREW FROM ALMAJIRI PUPIL TO NNPCL BOSS – MELE KYARI180 DAYS AFTER AGRIC MINISTER’S PROMISE, NO DROP IN FOOD PRICESTINUBU’S CABALS MOST DANGEROUS IN NIGERIAN HISTORY – EX-MINISTERNIGERIAN MILITARY DROPS 39TH POSITION IN GLOBAL RANKINGMANY SOLDIERS MISSING AFTER BOKO HARAM TERRORISTS ATTACK IN BORNOUK OPPOSITION LEADER, KEMI BADENOCH, DEMANDS NATIONAL INQUIRY INTO RAPE GANGS BY MUSLIM MENNURTW PETITIONS TINUBU, ACCUSES CHIEF OF STAFF, GBAJABIAMILA OF SPONSORING MC OLUOMO’S IMPOSITION AS UNION LEADERAUDIT REPORT UNCOVERS 5414BN INFRACTIONS IN NNPCL’S TRANSACTIONSLAGOS IS BIGGEST LOSER IN TAX REFORM BILLS – PRESIDENTIAL COMMITTEE43 UNIABUJA PROFS ASK TINUBU TO DISSOLVE GOVERNING COUNCILPDP CONFIRMS UDE-OKOYE AS AUTHENTIC NATIONAL SECRETARYWHY WE’RE IN A HURRY TO DEVELOP ENUGU STATE – GOV MBAHNFF APPOINTS NEW HEAD COACH FOR SUPER EAGLESNYSC DG ASSURES CORPS MEMBERS THAT THEY’LL SOON START RECEIVING N77K MONTHLYRETIRED MILITARY PERSONNEL FINANCE MINISTRY OVER UNPAID ENTITLEMENTSATIKU LAMBASTS APC OVER THREAT ON PETER 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Tue. Jan 14th, 2025

NIGERIANS FACING HARDSHIP AS INFLATION RATE INCREASES TO 34.19% IN JUNE

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NIGERIANS FACING HARDSHIP AS INFLATION INCREASES TO 34.19% IN JUNE

Nigeria’s headline inflation increased for the 18th time in June 2024 to 34.19 percent from 33 95 percent recorded in May amid worsening hardship.

The National Bureau of Statistics disclosed this in its latest Consumer Price Index and Inflation report released on Monday.

Looking at the movement, the June 2024 headline inflation rate showed an increase of 0.24 percent points when compared to the May 2024 headline inflation rate.

On a year-on-year basis, the headline inflation rate was 11.40 percent points higher compared to the rate recorded in June 2023, which was 22.79 percent.

This shows that the headline inflation rate (year-on-year basis) increased in June 2024 when compared to the same month in the preceding year (i.e. June 2023).

Furthermore, on a month-on-month basis, the headline inflation rate in June 2024 was 2.31 percent, which was 0.17 percent higher than the rate recorded in May 2024 (2.14 percent).

This means that in June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024.

Accordingly, the country’s inflation rate has been on a steady increase since December 2023 when it stood at 28.92 percent.

The development has seen the prices of goods and services rise in the period under view.This is as Nigerians continue to groan over the economic hardship caused by price hikes.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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