Nigerias Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
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In the first month of 2024, Nigerias headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many commentators identify foreign exchange shortages as the root cause of the nairas poor performance against major currencies. [] Source: Bitcoin.com
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