Nigeria's Inflation Rate Declines To 32.15 Percent In August

Nigeria’s headline inflation rate decreased to 32.15 per cent in August 2024 despite the recent hikes in the pump prices of petrol nationwide, the latest data from the National Bureau of Statistics showed.
This figure represents a 1.25 percentage points decrease from the 33.4 per cent recorded in July 2024 and the second consecutive monthly slowdown in inflation after a persistent rise in nearly two years.
The NBS in its Consumer Price Index report posted on its website on Monday, said the drop also signals a slower pace in the increase of the average price level compared to the previous month

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