Home » News »  NIGERIA’S INFLATION RATE DROPS FOR EIGHTH CONSECUTIVE MONTH

 NIGERIA’S INFLATION RATE DROPS FOR EIGHTH CONSECUTIVE MONTH

 

 

For the eighth consecutive time since January 2017, Nigeria’s inflation rate dropped to 15.98 percent in September from 16.01 percent recorded in August.

 

According to data released by the National Bureau of Statistics on Tuesday, the decline was 0.03 percent points lower than the rate recorded in August.

 

The report however indicated that all major food sub-indexes increased by 20.32 percent between September 2016 and 2017, an increase from the 20.25 percent recorded in August.

 

The report, titled CPI and Inflation Report, also shows that the headline index increased by 0.78 percent in September, 0.19 percent lower than the 0.97 percent recorded in August.

 

 

 

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