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Nigeria: Inflation falls by more than 17%

17/09/2021
Categories: Rate

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The Nigerian economy is picking up steam. The National Bureau of Statistics (NBS) announces in its latest publication that the inflation rate in Nigeria fell to 17.01% in August from 17.38% in July 2021. The National Bureau of Statistics said on Wednesday that the decline in inflation on food prices continued for the fifth consecutive month. It slowed down to 20.30% during the period under consideration against 21.03% in July.

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