Business
Breaking: Nigeria’s Inflation hits highest in 17 months in October
Nigeria’s consumer price index, which measures inflation rose to 11.61% in October 2019.
This was disclosed in the latest inflation report released by the National Bureau of Statistics (NBS).
According to the NBS report, inflation rose by 0.37% points, higher than the 11.24% recorded in September and 11.02% for August 2019.
Similarly, food inflation rose to 14.09% compared to 13.51% in the previous month. Meanwhile, Core inflation dropped to 8.88% from 8.94% recorded in September 2019.
The Bureau disclosed that the rise in the food index was caused by increases in prices of Meat, Oils and fats, Bread and cereals, Potatoes, yam and other tubers, Fish and Vegetables.
More details shortly…
-
Football5 days agoBanda, Chawinga make 2026 Women’s Ballon d’Or top 30 shortlist
-
Latest1 week agoCole-Alegbe unveils memoir, urges leaders to harness technology for lasting impact
-
Featured5 days agoPeter Obi, Makinde and the 2027 elections: Can unity really challenge APC?
-
Business6 days agoNigeria records N12.59trn trade surplus in Q2 2026 — NBS
-
Business6 days agoNigerian Breweries’ H1 profitability strengthens as revenue hits N804bn
-
Latest6 days agoTinubu’s US legal battle: Group questions silence of elder statesmen
-
Energy4 days agoBrent crude tops $100: What higher oil prices mean for Nigeria
-
Latest6 days agoAkpabio courts northern youths for Tinubu’s reforms ahead of 2027