According to the National Bureau of Statistics, Consumer Price Index report the nations’ inflation rate fell to 15.99 per cent in October, from 16.36 in September,

This October figure showed a steady decline in the country’s inflation rate over a seven-month period beginning from April.

The decline is amid complaints of surges in the prices of goods and services by Nigerians.

In recent times, the skyrocketing food prices in major cities across the country were being reported with adverse effects on household budgets.

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