Nigeria’s Sky-High Inflation Seen Cooling After Data Revamp
- Food weighting in basket shrinks sharply, restaurants rise
- Black and white televisions are out, solar panels are in
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Nigeria’s efforts to curb red-hot inflation are about to get some help from changes to the basket of goods used to gauge living costs.
The National Bureau of Statistics is rebasing the consumer price index used to track household expenditure. The changes will come into effect at the end of this month, after the publication of December CPI data on Wednesday.