Inflation drops for eight consecutive months in Nigeria

Nigeria Consumer News

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Inflation rate has dropped to 15.98 per cent in September from the 16.01 per cent recorded in August 2017. This latest decline is the eighth consecutive decline in the rate of headline year on year inflation since January 2017. 

The Consumer Price Index (CPI) released yesterday by the National Bureau of Statistics (NBS) indicated that the latest inflation rate is 0.03 per cent points lower than the rate recorded in August.

Analysis of the report showed that increases were recorded in all COICOP divisions that yield the Headline Index.

Full story – DAILY TRUST

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