Wednesday, August 31, 2016

Nigeria Price Inflation Accelerates to Highest in Nearly 11 Years

When you can't sell oil that you pump for top dollar, I guess the solution is to just print money.

Nigerian inflation accelerated for the ninth consecutive month in July.

The inflation rate increased to 17.1 percent from 16.5 percent in June, the Abuja-based National Bureau of Statistics said in a statement issued today.


(via Bloomberg)

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