- Annual inflation eases to 15.10% in January.
- Naira gains and 30.6% petrol drop drive slowdown.
ABUJA, NIGERIA — Nigeria’s annual inflation slowed marginally to 15.10% in January, bolstered by currency gains and a sharp drop in petrol prices, reinforcing expectations of gradual interest rate cuts.
Official data showed inflation edging down from 15.15% in December. On a month-on-month basis, prices fell 2.88%, compared with a 0.54% increase the previous month.
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