Nigeria: CBN Official Predicts 10 Percent Inflation By July

14 April 2014

The rate of increase in prices of goods and services will rise to 10 percent from the 7.7 percent recorded in February.

The rate, which is referred to as inflation rate has been relatively stable since October last year. From 7.8 percent in October, it rose marginally to 7.9 percent in November and 8.0 percent in December. Though it remained stable at 8.0 percent in January, it however fell to 7.7 percent in February.

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