Nigeria’s inflation rate rose to 33.88% in October, marking an increase from the 32.7% recorded in September, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Friday.
The CPI tracks the rate of change in the prices of goods and services, providing a key measure of inflation in the country.
This latest figure reflects the persistent upward pressure on consumer prices, highlighting the economic challenges facing households and businesses across Nigeria. Further analysis of the report is expected to shed light on the drivers behind the rising inflation trend.
Details later…
