Nigeria’s Inflation Rate Rises To 32.7% …C0NTINUE READING HERE >>>
Nigeria’s inflation rate increased to 32.7 per cent in September, marking a reverse from two consecutive months of decline, where it stood at 32.15% in August.
This uptick was primarily attributed to a rise in Month-on-Month Food Inflation, which escalated to 2.64% from the previous 2.37%.
The National Bureau of Statistics (NBS) reported these findings in its Consumer Price Index (CPI) Report for September.
According to the Bureau, the headline inflation rate for September 2024 was recorded at 32.70%, in contrast to the August 2024 rate of 32.15%. This indicates an increase of 0.55%…
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