Nigeria’s Inflation Falls To 16.63% In September

The Consumer Price Index, which measures inflation, has declined for the seventh consecutive month to 16.63 per cent in September.

The Statistician-General of the Federation, Simon Harry, while speaking at a press briefing in Abuja on Friday, noted that the CPI decrease was 0.38 per cent lower than the 17.01 per cent recorded in August 2021.

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He said that the declining trend in the inflation rate was an indication that the economic conditions in the country were improving.

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