Business
Just in: Inflation hits 20.77% in September, highest in 17 years
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 20.77% in September 2022, the highest rate since September 2005.
NBS stated this in its Consumer Price Index (CPI) report published on Monday and obtained by National Daily.
Details from the report showed that Nigeria’s CPI rose by 20.77% year-on-year in September 2022, up from 20.52% recorded in the previous month.
On a month-on-month basis, the index rose by 1.36% compared to the 1.77% increase recorded in the previous month.
Meanwhile, the urban inflation rate stood at 21.25% in September 2022 from 17.19% recorded in the corresponding period of 2021, while rural inflation stood at 20.32%.
-
Sports3 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest6 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Football5 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Business3 days agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Latest4 days agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government
-
Crime1 week agoPassengers feared abducted on Kebbi-Abuja journey as viral video shows armed men threatening captives (VIDEO)
-
Latest3 days agoFG Announces N50,000 cash support for vulnerable Nigerians under new relief programme
-
Featured5 days agoHow court ruling reshapes APC’s Imo West Senatorial contest