The Nigeria inflation has dropped to 16.10 per cent in June from 16.25 per cent in May as measured by Consumer Price Index (CPI).
The National Bureau of Statistics (NBS) said this in its CPI June 2017 report released on Monday in Abuja.
According to the bureau, this is the fifth consecutive decline in the rate of inflation since January. This, it stated was 0.15 per cent points lower than the rate recorded in May -16.25 per cent.
On a month-on-month basis, the bureau stated that the Headline index increased by 1.58 per cent in June 2017, 0.30 per cent points lower than the rate of 1.88 per cent recorded in May 2017.