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Nigeria Releases August Inflation Data

Nigeria Releases August Inflation Data

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • August inflation rate slows to 32.15%, boosting hopes for monetary easing
  • Food prices dip but looming fuel price hikes may pose new risks

 Lagos, Nigeria – Nigeria’s annual inflation eased to 32.15% in August, slowing for a second consecutive month and increasing the likelihood of a rate cut by the monetary authorities.

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