Nigeria’s Headline Inflation Drops to 11.31% in February

By Bamidele Famoofo

The National Bureau of Statistics (NBS) just published the February 2019 inflation report, showing that Nigeria’s headline consumer price index moderated for the second consecutive month. Specifically, headline inflation was 11.31percent year on year (y/y) in February declining from 11.37percent y/y in January.

The data came in 2 bps above Cordros Capital forecast of 11.29…


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