inflation

Nigeria’s inflation rate measured by the consumer price index dropped to 15.98 percent in September, down from 0.03 percentage points from August’s 16.01 percent.

This represented the eighth consecutive month that saw Nigeria’s headline year-on-year inflation falls, the National Bureau of Statistics said on Tuesday.

On a month-on-month basis, the headline index rose by 0.78 percent in September, 0.19 percentage points lower than the previously recorded rate of 0.97 percent.

Food price inflation increased by 20.32 percent year-on-year in September, up 0.07 percentage points from August’s 20.25 percent. Enditem

Source: Xinhua/NewsGhana.com.gh

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