July Inflation Rate Slows to 16.05% on Core Inflation, Monthly Decline in Fuel Prices

August 28, 2017/Cowry Asset

July inflation report by the National Bureau of Statistics showed Nigeria’s consumer prices decreased year-on-year by 16.05% (easing from a 16.10% increase in June). The sustained decline in headline inflation followed a faster y-o-y decrease in core inflation to 12.21% in July (from 12.50% in June) …click here for details