Nigeria’s inflation has risen to 33.88 percent in October 2024 from 32.70 percent recorded in September 2024.
The National Bureau of Statistics, NBS, revealed this on Friday in its Consumer Price Index and Inflation report for October 2024.
A meticulous study of the report on month-to-month basis, Nigeria’s inflation rate in October 2024 was 2.64 percent.
This comes as food inflation rose to 39.16 percent in October 2024, from 37.77 percent in September 2024.
The Central Bank of Nigeria’s Inflation Expectation Survey, released on Tuesday, predicted Nigeria’s inflation to rise.
According to online reports, that energy cost rise in the period under review, with petrol pump price rising above N1,030 per litre in October, from N617 in August 2024.
Copyright © EaglesWatchOnline 2023 All rights reserved.
This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without written permission from EaglesWatchOnline.
