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Fuel Subsidy Removal, Food Prices Push Inflation Up to 27.33%

The National Bureau of Statistics (NBS) reported a significant rise in the Consumer Price Index (CPI), a measure of price changes for goods and services. In October, it surged to 27.33%, marking a 0.61% increase from the previous month’s 26.72%. Dr. Isa AbdulMumin, the spokesperson for the Central Bank of Nigeria (CBN), expressed optimism about […]

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