UPDATED: Nigeria’s monthly inflation cools to 11-month low as food prices stay high

UPDATED: Nigeria’s monthly inflation cools to 11-month low as food prices stay high

In September, Nigerian inflation on a month-on-month basis rose at the slowest pace since November 2016 (0.78 percent) and capped four straight months of decline since June, a development likely to test the Central Bank’s resolve to hold interest rate at a record high 14 percent amid weak economic growth.   The consistent slump in…

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