Nigeria's consumer price index declined marginally to 15.90% in November 2017, representing the lowest level in 18 months. While food prices decreased slightly and the foreign exchange market remained relatively stable, contributing to lower inflation, other MINT countries except Nigeria and Indonesia experienced rising inflation rates during this period. Specifically, Turkey's inflation increased to its highest level since 2001. The Nigerian Monetary Policy Committee also maintained its monetary policy rate for the seventh consecutive time and inflation is expected to continue declining due to increased foreign exchange availability.