Why Nigeria’s declining inflation rate fails to reflect market realities – Experts …C0NTINUE READING HERE >>>
Nigeria’s latest inflation report which recorded a decline in July 2024 is generating mixed reactions.
This is as Nigerians have decried that the figure does not reflect everyday market realities.
Recall that on Thursday last week, the National Bureau of Statistics consumers price Index and Inflation data for July indicated that the country’s headline and food inflation declined to 33.40 percent and 39.53 percent from 34.14 percent and 40.87 percent, respectively, in June 2024.
This…
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