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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.

28 Sep 2007

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.

Read the full article here.