Breaking: Inflation has declined to 17.01 in Nigeria – NBS




For the fifth consecutive month, the Consumer Price Index (CPI) , which measures inflation rates dropped to 17.01 per cent in August as against 17.38 per cent recorded in June. 

According to the National Bureau of Statistics (NBS) in its CPI Report for August released Wednesday morning in Abuja, the figure represents a 0.37 per cent drop. 

Nigeria’s inflation figures have been a steady decline since March 2021. 

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