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Friday, February 6, 2015
INFLATION BEGINS NOW
Analysis by Actuarialcash shows that the foreign exchange rate of the local currency indicated that the value of the Naira remained unchanged against the US Dollar at the Central Bank of Nigeria (CBN) Retail Dutch Auction System (RDAS) at US$/N168 in January 2015 and December 2014. The stable exchange rate between the two months, coupled with the fall in the general prices of international food prices moderated the pass-through effect of imported inflation on domestic prices.
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