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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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