Consumer Price Index is very essential as the metric that shows time change in prices of various goods and commodities which are essential in an average home, both in the rural and urban areas
In February 2022, the National Bureau of Statistics, (NBS) released a report on the Consumer Price Index, which showed that the annual inflation rate in Nigeria was 15.70 per cent on a year-on-year basis.
Some of the components of the current CPI are food and non-alcoholic beverages, alcoholic be
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