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Nigeria’s Inflation Hits 20.5% In August, Highest In 17 Yrs

The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s national statistics system, has reported that Nigeria’s Composite Price Index (CPI), which measures inflation rate, surges to 20.5 percent in August this year, representing the highest rate since September 2005. According to the Bureau in its latest ‘Consumer Price Index (CPI) report’ published on […]