…………is presently used in Nigeria to measure inflatio…

JAMB Economics 2023 193 views
Source: JAMB · 2023

…………is presently used in Nigeria to measure inflatio…

  1. Consumer price index ✓
  2. Wholesale price index
  3. GNP implicit price deflator
  4. Real Gross Domestic Product
Explanation

Nigeria measures inflation with the Consumer Price Index (CPI). The National Bureau of Statistics tracks the price of a basket of goods and services that households buy, such as food, rent and transport.

The rate of change in the CPI is the inflation rate.

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