Nigeria’s annual inflation rate marginally slowed for an eighth month in September, easing to 15.98 percent, the National Bureau of Statistics (NBS) said on Tuesday in its latest publication of the Consumer Price Index.

The National Bureau of Statistics (NBS) says the country’s inflation as measured by Consumer Price Index (CPI), further dropped to 16.05 per cent in July from 16.10 per cent in June.

IN spite of the persistent pressure on the food inflation, the headline inflation rate has been forecast to drop by about five points to 15.96 percent for the month of July 2017 from 16.10 per cent recorded in the preceding month.

National Bureau of Statistics, NBS, yesterday, reported that the annual inflation rate year-on-year (YoY) declined marginally by 0.15 per cent to 16.1 per cent in the month of June 2017 from 16.25 per cent recorded in May.

The National Bureau of Statistics (NBS) said that the country’s inflation as measured by Consumer Price Index (CPI) further dropped to 16.10 per cent in June from 16.25 per cent in May.

Annual inflation in Nigeria eased for a fifth straight month in June, slowing to 16.1 percent, the National Bureau of Statistics (NBS) said on Monday.

The Federal Government has reiterated its determination to bring down the inflation rate to a single digit by 2020, the Minister of Budget and National Planning, Sen. Udoma Udu Udoma, has disclosed.

BUSINESSES and consumers have differed in the expectations of the direction of the inflation rate in the third quarter of the year.

A financial expert, Mr Sewa Wusu, on Saturday expressed optimism that the reduction in the May inflation rate figure of 16.25 per cent would impact positively on the Nigerian Stock Exchange (NSE).

The National Bureau of Statistics, NBS, reported, yesterday, that annual inflation rate dropped by 0.99 per cent to 16.25 per cent in May 2017 from 17.24 per cent recorded in April.