Nigeria headline inflation rate don drop for di fifth month straight for August, as food inflation slow down, na wetin official data show on Monday.

Di inflation rate reduce go 20.12% year on year from 21.88% for July. Dis one fit make Central Bank of Nigeria consider to cut interest rates for dia monetary policy meeting wey go happen next week.

Dis year, inflation don dey go down after di statistics office change di base year and adjust di weight of items for di price index.

Food inflation, wey be di main thing wey dey push di headline rate, stand for 21.87% year on year for August, compared to 22.74% for di previous month.

Naira dey gain against US dollar

Di central bank bin hold dia benchmark lending rate for 27.50% for July.

But some analysts talk say dem believe say di easing cycle fit start for September because di naira currency don dey stable and dem dey expect more disinflation.

Dis month, naira don dey gain for di official market, and dis one fit mean say inflation go continue to drop for di months wey dey come.