But what are the causes of inflation in Nigeria?
Find out about the main causes of inflation in Nigeria in this article.
Here, you can also find the inflation definition and the information about the current inflation rate in Nigeria.
If we need to define inflation, we can simply describe it as a persistent rise of prices for services and goods, which causes the currency’s power to fall.
It is most often expressed numerically through the Consumer Price Index, or CPI.
A lot of countries struggle with inflation, so it is not a rare occurrence in the world. However, Nigeria’s situation with inflation is special.
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