Estimated Reading Time: <1
The Nigeria consumer price index, which measures inflation, otherwise referred to as inflation rate for goods and services, stood at 11.28% in September from 11.28% recorded in August, data from the National Bureau of Statistics have shown.
The National Bureau of Statistic (NBS), in its latest CPI report published on Tuesday, said the figure climbed again, albeit marginally, by 1.05 per cent, from 11.23 per cent in August to 11.28 per cent in September.
The report showed that food inflation rose to about 13.31 per cent, from 13.16 per cent in the previous month.
Despite the rising figures, the NBS said core inflation, which reflects the actual inflation figure for the country’s economy dropped marginally to about 9.8 per cent from 10 per cent, a movement analysts say is close to government target of single inflation rate in the foreseeable futureI
- 100 pilots at Bristow helicopters have been fired
- Federal government develops national policy on virtual meetings
- Insecurity: President Buhari directs security operatives to re-strategise
- Nigerian Govt increase the fine for hate speech from N500,000 to 5 million naira
- “We want a free and fair election” – Governor Wike wants INEC to be apolitical in Edo State
- Breaking: Kwara deputy governor and wife test positive for COVID-19
- Buhari orders Niger Delta Development Commission to pay its scholarship beneficiaries studying abroad
- Hamzat Lawal listed as a Global Malala Fund Education Champion
- Former AGF, Mohammed Adoke pleads not guilty to money laundering charges
- $500 Million loan: China has no plan to take over Nigeria’s sovereignty – Chinese Government