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Nigeria’s Inflation Up 11.23%, Ends 18-Month Disinflation Trend

The National Bureau of Statistics (NBS) on Friday reported that Nigeria’s Consumer Price Index, (CPI), which measures inflation, increased by 11.23 percent (year-on-year) in August 2018. The latest index represented 0.09 percent points higher than the 11.14 percent rate recorded in July 2018 and also the first year-on-year rise in headline inflation following eighteenth consecutive […]