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    Nigerian inflation rate drops

    Nigeria's consumer price index inched lower to 4.2% in the 12 months to the end of August from 4.8% the previous month, the National Bureau of Statistics (NBS) said Wednesday, 26 September.

    The agency said the index recorded 169.4 points against 165.1 points in July.

    "This represents 2.6% rise in CPI for August, while the rise in index was caused mainly by an increase in the prices of some food items and services," it said.

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