The consumer Price Index (CPI) Report released by the National Bureau of Statistics (NBS) for July 2016 showed that inflation creeped to 17.1% (vs 16.5% in June 2016), the highest in almost eleven (11) years according to data from the Central Bank of Nigeria (CBN). After a nine month consecutive rise, inflation is finally showing signs of slowdown as the month-on-month pace of increase slowed for the second consecutive month to 0.6% points in July (vs 0.9% in June). This was due to slower pace of increase in most divisions contributing to the headline CPI.
Read the full report here: http://www.dexteranalytics.com/2016/08/31/showing-signs-of-a-slowdown-inflation-rate-rises-to-17-1-in-july-2016/