Nigeria’s inflation decline in July shows monetary measures yielding results – CBN
The Central Bank of Nigeria has said the decline in headline inflation in July 2024 is an indication that its monetary policy tightening measures are yielding results.
The apex bank spokesperson, Sidi Hakama disclosed this in a statement on Tuesday.
Recall that the National Bureau of Statistics’ latest inflation data released last week Thursday showed that Nigeria’s inflation decreased to 33.40 percent in July from 34.19 recorded in the previous Month.
