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Nigeria’s Inflation Rate Declines To 17.93% In May

The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Composite Price Index (CPI), which measures inflation, dropped marginally to 17.93 percent year-on-year (YoY) in May 2021 from 18.12% recorded in the preceding month. The May rate represented 0.19% points lower than the rate recorded in April The official statistical data producing and publishing […]