Nigeria’s inflation falls to 16.63% in September

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

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 the 17.01 per cent recorded in August 2021.

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