US, Nigeria to release July’s inflation Wednesday, Thursday

The United States and Nigeria volition beryllium releasing their ostentation fig for July 2024 connected Wednesday and Thursday, this week.

Recall that the US ostentation fig had declined to 3 percent successful June 2024 from 3.3 percent successful May 2024.

This is arsenic the US Consumer Price Index, CPI successful June unexpectedly declined 0.1 percent, the archetypal autumn since May 2020, information from the Department of Labour showed.

The ostentation cooled up of the Federal Reserve chopped successful September.

Meanwhile, Nigeria’s ostentation has continued to soar since December 2022 erstwhile it stood astatine 21.34 percent.

The National Bureau of Statistics June’s user terms scale and ostentation roseate to 34.19 percent.

Similarly, the country’s nutrient ostentation had refused to ease, which roseate to 40.87 percent successful June 2024.

This comes connected the backmost of President Bola Ahmed Tinubu’s duplicate policies of substance subsidy removal and Naira floating successful June past year.

The improvement has worsened the outgo of surviving among Nigerians.

Consequently, DAILY POST recalls that Nigerians protested against economical hardship from August 1 to 10th 2024, tagged #Endbadgovernance protests.

US, Nigeria to merchandise July’s ostentation Wednesday, Thursday