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Nigeria inflation cools to 21.88% in July, stoking bets on rate cut

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© Allen Dreyfus
  • Nigeria’s inflation slowed for the fourth straight month in July
  • Analysts see harvests easing food prices but warn security and oil market risks could reverse gains

 

ABUJA, NIGERIA – Nigeria’s annual inflation rate slowed for the fourth consecutive month in July, dropping to 21.88% from 22.22% in June, as food and core prices eased, says the National Bureau of Statistics.

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