Inflation falls in Dec

Financial Times

Inflation falls in Dec - CB

The Central Bank said on Wednesday inflation this month fell to 22.3 % from 23 % in November 2008, according to the CCPI (N) index and under the 12-month moving average.

On a point to point basis, inflation dropped to 14.4% from 16.3 % in November. Analysts said this was the sixth consecutive monthly decline and the lowest since June 2007.

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