June Inflation Rate Moderates to 16.10% on Core Inflation, Stronger Naira

July 17, 2017/Cowry Asset

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Latest inflation report by the National Bureau of Statistics showed Nigeria’s consumer prices decreased year-on-year to 16.10% in June (easing from a 16.25% rise in May). The sustained decline in annual headline inflation followed a faster y-o-y decrease in core inflation to 12.50% in June (from 13.0% in May)… click here to view details.