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Nigeria inflation rises for 2nd month, spurred by food
Nigeria inflation rises for second month, spurred by food
Nigeria's inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in September mainly due to higher food prices, official data showed on Friday.
BREAKING: Food, fuel price hikes push Nigeria’s inflation to 33.88% in October
Food and petrol price hikes have pushed Nigeria’s inflation to 33.88 percent in October 2024, from 32.70 percent recorded in the previous month. The National Bureau of Statistics, NBS, disclosed this on Friday in its Consumer Price Index and Inflation report for October 2024.
Breaking: Nigeria’s Inflation skyrockets to 33.88% in October as food prices surge
The report, released on Friday, revealed that the October Headline inflation rate increased by 1.18 percentage points from the 32.70% recorded in September 2024.
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