Nigeria's inflation rate drops
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
Rebased inflation rate doesn’t reflect actual drop in prices – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has said that the drop in inflation rate for January as reported by the National Bureau of Statistics (NBS) is only a reflection of different measurement and not an actual drop in prices.
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