Nigeria's inflation rate dropped to 13.4% in August, marking the second consecutive month of decline. The Central Bank of Nigeria (CBN) is expected to meet soon to discuss potential interest rate adjustments. The easing inflation rate follows a rebase of the country's economic data, which recalibrates the inflation calculation. Analysts suggest the downward trend could lead to a reduction in interest rates, easing borrowing costs for businesses and consumers. The CBN has been closely monitoring inflation as it aims to stabilize the economy and support growth. The latest figures show a gradual improvement, though challenges remain in controlling inflationary pressures. The decision on rate cuts will depend on the bank's assessment of economic stability and future outlook.