The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.91 per cent in October  from 15.98 recorded in September.

RESEARCH analysts at FSDH Merchant Bank Limited have forecasted a marginal decline in the headline inflation rate for the month of October 2017 to 15.91 percent against 15.98 percent recorded in preceding month. This is against the backdrop of slow increase in the prices of food and non-food items recorded in the month of October.

RESEARCH analysts at FSDH Merchant Bank Limited have forecasted a marginal decline in the headline inflation rate for the month of October 2017 to 15.91 percent against 15.98 percent recorded in preceding month. This is against the backdrop of slow increase in the prices of food and non-food items recorded in the month of October.

National Bureau of Statistics, NBS, yesterday, said inflation rate decreased to 15.98 per cent in September from 16.01 per cent recorded in August, 2017.

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.