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…
-
Latest3 days agoUS Immigration fees rise from October 16 as USCIS announces new charges
-
Football7 days agoHow David Beckham made $51.1m from 2026 World Cup, surpassing winners’ prize
-
Comments and Issues1 week agoFani-Kayode on Atiku: Separating claims from the record
-
Health6 days agoCOVID-19 Hospital care under scrutiny as US Senate hears patient, family testimonies
-
Business6 days agoOpenAI shelves GPT-6.1 astra release over safety concerns
-
Business2 days agoNigeria’s $55bn reserves raise fresh questions over naira value
-
Latest6 days agoADC’s 2027 Strategy: Who are the key players and what are their roles?
-
Latest7 days agoEl-Rufai continued detention revives debate over opposition, detention, political power