Breaking: Nigeria’s Inflation continues upward trend, rises to 27.33% for October 

Breaking: Nigeria’s Inflation continues upward trend, rises to 27.33% for October 

Nigeria’s headline inflation rate increased to 27.33%, marking an increase from the September 2023 rate of 26.72%.

The October 2023 headline inflation rate represents a 0.61 % point increase compared to the figure for the previous month of September. 

Additionally, on a year-on-year basis, the headline inflation rate was 6.24% points higher than the rate recorded in October 2022, which stood at 21.09%.

This indicates a growth in the headline inflation rate (year-on-year basis) in October 2023 compared to the corresponding month of 2022.  

 

Details later…

Download Nairametrics App for breaking news and market intelligence.
   

Full Story: https://nairametrics.com/2023/11/15/nigerias-inflation-continues-upward-trend-rises-to-27-33-for-october/
TAGS: #Breaking #Nigerias #Inflation #continues #upward #trend #rises #October


JOIN OUR TELEGRAM CHANNEL

Be the first to comment

Leave a Reply