{"id":280122,"date":"2023-07-19T07:51:25","date_gmt":"2023-07-19T06:51:25","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=280122"},"modified":"2023-07-19T07:51:25","modified_gmt":"2023-07-19T06:51:25","slug":"why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/","title":{"rendered":"Why inflation rose slightly in June despite petrol subsidy removal, says NBS"},"content":{"rendered":"<ul>\n<li><strong>Data collection for computing the inflation rate typically stops around the middle of a month.<\/strong><\/li>\n<li><strong>June\u2019s inflation rate only reflects two weeks of the impact of the policies on consumer prices<\/strong><\/li>\n<\/ul>\n<p>The National Bureau of Statistics (NBS) has revealed why June&#8217;s inflation data did not fully capture the impact of petrol subsidy removal and exchange rate unification on consumer prices.<\/p>\n<p>According to data released on Monday by the NBS,\u00a0Nigeria\u2019s headline inflation rate\u00a0rose for the sixth consecutive time to 22.79 percent in June 2023.<\/p>\n<p class=\"amp-wp-7d27179\" data-amp-original-style=\"text-align: justify;\">The inflation rate recorded a slight surge from 22.41 percent in May \u2014 less than expected by analysts.<\/p>\n<p>In a series of tweets on Monday evening, the country\u2019s statistics agency said data collection for computing the <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/06\/15\/inflation-rises-to-22-44-in-may-nbs\/\">inflation<\/a> rate typically stops around the middle of a month.<\/p>\n<p>This, the agency said, implies that June\u2019s inflation rate only reflects two weeks of the impact of the policies on consumer prices.<\/p>\n<p>NBS added that the full effect of the subsidy removal and exchange rate unification as relates to prices can, therefore, not be reflected in June only, but also in coming months.<\/p>\n<p>\u201cThe June Consumer Price Index (CPI) numbers may not fully capture the impact of the fuel <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/07\/18\/endure-hardship-suffering-caused-by-subsidy-removal-fg-tells-nigerians\/\">subsidy<\/a> removal and the unification of the exchange rate,\u201d the tweet reads.<\/p>\n<p>\u201cThis is because the data collection for computing the rate for the reference month typically stops around the middle of the month, meaning that the June numbers only reflects approximately two weeks of the policy impact on consumer prices.<\/p>\n<p>\u201cThe full effect of the policy as relates to prices can, therefore, not be reflected in June only, but also in subsequent months, based on actual prices collected in market outlets across the country.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data collection for computing the inflation rate typically stops around the middle of a month. June\u2019s inflation rate only reflects two weeks of the impact of the policies on consumer prices The National Bureau of Statistics (NBS) has revealed why June&#8217;s inflation data did not fully capture the impact of petrol subsidy removal and exchange [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":235019,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[3380,68350,16878,13745],"class_list":["post-280122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-inflation","tag-june-consumer-price-index-cpi","tag-national-bureau-of-statistics-nbs","tag-petrol-subsidy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why inflation rose slightly in June despite petrol subsidy removal, says NBS<\/title>\n<meta name=\"description\" content=\"The National Bureau of Statistics (NBS) has revealed why June&#039;s inflation data did not fully capture the impact of petrol subsidy removal and exchange rate unification on consumer prices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why inflation rose slightly in June despite petrol subsidy removal, says NBS\" \/>\n<meta property=\"og:description\" content=\"Data collection for computing the inflation rate typically stops around the middle of a month. June\u2019s inflation rate only reflects two weeks of the impact\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-19T06:51:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/12\/kunlenet07\/2022\/12\/14\/Petrol-pump.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OChocomilo\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sodiq Lawal Chocomilo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/\"},\"author\":{\"name\":\"Sodiq Lawal Chocomilo\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/db8593431a99b3751c40316ba4b4a452\"},\"headline\":\"Why inflation rose slightly in June despite petrol subsidy removal, says NBS\",\"datePublished\":\"2023-07-19T06:51:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/\"},\"wordCount\":298,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/12\\\/kunlenet07\\\/2022\\\/12\\\/14\\\/Petrol-pump.jpeg\",\"keywords\":[\"inflation\",\"June Consumer Price Index (CPI)\",\"National Bureau of Statistics (NBS)\",\"Petrol subsidy\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/\",\"name\":\"Why inflation rose slightly in June despite petrol subsidy removal, says NBS\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/12\\\/kunlenet07\\\/2022\\\/12\\\/14\\\/Petrol-pump.jpeg\",\"datePublished\":\"2023-07-19T06:51:25+00:00\",\"description\":\"The National Bureau of Statistics (NBS) has revealed why June's inflation data did not fully capture the impact of petrol subsidy removal and exchange rate unification on consumer prices\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/12\\\/kunlenet07\\\/2022\\\/12\\\/14\\\/Petrol-pump.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2022\\\/12\\\/kunlenet07\\\/2022\\\/12\\\/14\\\/Petrol-pump.jpeg\",\"width\":800,\"height\":450,\"caption\":\"petrol price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2023\\\/07\\\/19\\\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why inflation rose slightly in June despite petrol subsidy removal, says NBS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/\",\"name\":\"NEWS\",\"description\":\"Latest &amp; Trending Nigeria News, Entertainment, Sports\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#organization\",\"name\":\"WITHN NIGERIA MEDIA LIMITED\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2021\\\/01\\\/Logo-dark-bg.png\",\"contentUrl\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2021\\\/01\\\/Logo-dark-bg.png\",\"width\":750,\"height\":500,\"caption\":\"WITHN NIGERIA MEDIA LIMITED\"},\"image\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/withinnigeria\",\"https:\\\/\\\/x.com\\\/withinnigeria\",\"https:\\\/\\\/www.instagram.com\\\/withinnigeria\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/withinnigeria\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCo0qw0SqhKNTsQQM48FpdTA\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/db8593431a99b3751c40316ba4b4a452\",\"name\":\"Sodiq Lawal Chocomilo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/87917d701bb342a8e7c12833c7301dab5a0c88c83b2959248027da7ade686bc6?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/87917d701bb342a8e7c12833c7301dab5a0c88c83b2959248027da7ade686bc6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/87917d701bb342a8e7c12833c7301dab5a0c88c83b2959248027da7ade686bc6?s=96&d=mm&r=g\",\"caption\":\"Sodiq Lawal Chocomilo\"},\"description\":\"Lawal Sodiq Adewale aka CHOCOMILO is an award winning journalist. Mail me at Chocomilo@withinnigeria.com. See full profile on Within Nigeria's TEAM PAGE\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\",\"https:\\\/\\\/x.com\\\/OChocomilo\"],\"url\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/author\\\/adewale_chocomilo\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why inflation rose slightly in June despite petrol subsidy removal, says NBS","description":"The National Bureau of Statistics (NBS) has revealed why June's inflation data did not fully capture the impact of petrol subsidy removal and exchange rate unification on consumer prices","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/","og_locale":"en_GB","og_type":"article","og_title":"Why inflation rose slightly in June despite petrol subsidy removal, says NBS","og_description":"Data collection for computing the inflation rate typically stops around the middle of a month. June\u2019s inflation rate only reflects two weeks of the impact","og_url":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/","og_site_name":"NEWS PICKS \u2014 WITHIN NIGERIA","article_publisher":"https:\/\/facebook.com\/withinnigeria","article_author":"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL","article_published_time":"2023-07-19T06:51:25+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/12\/kunlenet07\/2022\/12\/14\/Petrol-pump.jpeg","type":"image\/jpeg"}],"author":"Sodiq Lawal Chocomilo","twitter_card":"summary_large_image","twitter_creator":"@OChocomilo","twitter_site":"@withinnigeria","twitter_misc":{"Written by":"Sodiq Lawal Chocomilo","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#article","isPartOf":{"@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/"},"author":{"name":"Sodiq Lawal Chocomilo","@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/person\/db8593431a99b3751c40316ba4b4a452"},"headline":"Why inflation rose slightly in June despite petrol subsidy removal, says NBS","datePublished":"2023-07-19T06:51:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/"},"wordCount":298,"commentCount":0,"publisher":{"@id":"https:\/\/www.withinnigeria.com\/news\/#organization"},"image":{"@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/12\/kunlenet07\/2022\/12\/14\/Petrol-pump.jpeg","keywords":["inflation","June Consumer Price Index (CPI)","National Bureau of Statistics (NBS)","Petrol subsidy"],"articleSection":["Business"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/","url":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/","name":"Why inflation rose slightly in June despite petrol subsidy removal, says NBS","isPartOf":{"@id":"https:\/\/www.withinnigeria.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#primaryimage"},"image":{"@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/12\/kunlenet07\/2022\/12\/14\/Petrol-pump.jpeg","datePublished":"2023-07-19T06:51:25+00:00","description":"The National Bureau of Statistics (NBS) has revealed why June's inflation data did not fully capture the impact of petrol subsidy removal and exchange rate unification on consumer prices","breadcrumb":{"@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#primaryimage","url":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/12\/kunlenet07\/2022\/12\/14\/Petrol-pump.jpeg","contentUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/12\/kunlenet07\/2022\/12\/14\/Petrol-pump.jpeg","width":800,"height":450,"caption":"petrol price"},{"@type":"BreadcrumbList","@id":"https:\/\/www.withinnigeria.com\/news\/2023\/07\/19\/why-inflation-rose-slightly-in-june-despite-petrol-subsidy-removal-says-nbs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.withinnigeria.com\/news\/"},{"@type":"ListItem","position":2,"name":"Why inflation rose slightly in June despite petrol subsidy removal, says NBS"}]},{"@type":"WebSite","@id":"https:\/\/www.withinnigeria.com\/news\/#website","url":"https:\/\/www.withinnigeria.com\/news\/","name":"NEWS","description":"Latest &amp; Trending Nigeria News, Entertainment, Sports","publisher":{"@id":"https:\/\/www.withinnigeria.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.withinnigeria.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.withinnigeria.com\/news\/#organization","name":"WITHN NIGERIA MEDIA LIMITED","url":"https:\/\/www.withinnigeria.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/01\/Logo-dark-bg.png","contentUrl":"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/01\/Logo-dark-bg.png","width":750,"height":500,"caption":"WITHN NIGERIA MEDIA LIMITED"},"image":{"@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/withinnigeria","https:\/\/x.com\/withinnigeria","https:\/\/www.instagram.com\/withinnigeria\/","https:\/\/www.linkedin.com\/company\/withinnigeria\/","https:\/\/www.youtube.com\/channel\/UCo0qw0SqhKNTsQQM48FpdTA"]},{"@type":"Person","@id":"https:\/\/www.withinnigeria.com\/news\/#\/schema\/person\/db8593431a99b3751c40316ba4b4a452","name":"Sodiq Lawal Chocomilo","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/87917d701bb342a8e7c12833c7301dab5a0c88c83b2959248027da7ade686bc6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/87917d701bb342a8e7c12833c7301dab5a0c88c83b2959248027da7ade686bc6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/87917d701bb342a8e7c12833c7301dab5a0c88c83b2959248027da7ade686bc6?s=96&d=mm&r=g","caption":"Sodiq Lawal Chocomilo"},"description":"Lawal Sodiq Adewale aka CHOCOMILO is an award winning journalist. Mail me at Chocomilo@withinnigeria.com. See full profile on Within Nigeria's TEAM PAGE","sameAs":["https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL","https:\/\/x.com\/OChocomilo"],"url":"https:\/\/www.withinnigeria.com\/news\/author\/adewale_chocomilo\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/posts\/280122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/comments?post=280122"}],"version-history":[{"count":0,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/posts\/280122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/media\/235019"}],"wp:attachment":[{"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/media?parent=280122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/categories?post=280122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.withinnigeria.com\/news\/wp-json\/wp\/v2\/tags?post=280122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}