Inflation rate drops to 11.02% in August despite border closure —NBS

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The National Bureau of Statistics on Tuesday said that the Consumer Price Index which measures inflation drop from 11.08 per cent in July to 11.02 per cent in August.

The bureau in the report stated that inflation rate of 11.02 per cent for August represents a decrease of 0.06 percentage point year-on-year.

The National Bureau of Statistics on Tuesday said that the Consumer Price Index which measures inflation drop from 11.08 per cent in July to 11.02 per cent in August.

The bureau in the report stated that inflation rate of 11.02 per cent for August represents a decrease of 0.06 percentage point year-on-year.

Samson Oyedeyi