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…
-
Featured6 days agoOsun 2026: What the battle could signal for 2027 general elections
-
Business1 week agoWho is really benefiting from Nigeria’s economic reforms?
-
Featured6 days agoOsun Election: How poverty turns ₦20,000 into a powerful vote-buying tool
-
Latest6 days agoCoca-Cola faces backlash over alleged AI filter blocking Christian messages
-
Business1 week agoPound climbs to N1,837 as Naira holds steady amid stronger FX market liquidity
-
Latest6 days agoOsun poll: Chaos in Ejigbo as voters, INEC officials run for safety
-
Latest7 days agoOsun 2026: 10 LGAs that could decide the governorship election
-
Featured1 week ago
Osun Decides: Security tightened as millions prepare to choose next governor