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Nigeria’s Inflation Slows as CPI Overhaul Alters Price Dynamics

© Allen Dreyfus
  • February inflation eases to 23.2% as impact of rebased consumer price index takes hold
  • Central Bank faces growing pressure to consider rate cuts after aggressive tightening cycle

Abuja, Nigeria – Nigeria’s annual inflation slowed to 23.2% in February, down from 24.48% the previous month, as the effects of last month’s rebasing of the consumer price index (CPI) continued to influence price trends.

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