Tag: Nigeria’s Inflation Rate Hits 27.3%

  • Nigeria’s Inflation Rate Hits 27.3%

    Nigeria’s Inflation Rate Hits 27.3%

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    by

    Olumide Akinrinlola
    in

        The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate for October 2023 has reached 27.33%, marking a year-on-year increase of 6.24 points compared to October 2022 (21.09%). On a month-over-month basis, the inflation rate in October 2023 was 1.73%, a 0.37% reduction from September 2023 (2.10%). The Central Bank…