Press 234

Nigeria’s unabated stagflation: Why it matters

drtayooke@gmail.com The latest figure on the rate of inflation released by the National Bureau of Statistics is a biting 15.75%, the 16th straight rise in as many months. (Ghana 8.7%, South Africa 3.34%, Kenya 5.3%).Put simply, inflation is a rising cost of living measured by “Consumer Price Index”; that is to say, a certain number

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