.............is presently used in Nigeria to measure infl...
.............is presently used in Nigeria to measure inflation
GNP implicit price deflator
Consumer price index
Wholesale price index
Real Gross Domestic Product
Correct answer is B
In Nigeria, the Consumer Price Index (CPI) is used to measure inflation. The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy.
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