Nigeria's inflation rate surged to 33.88% in October 2024, up from 32.70% in September, according to the Consumer Product Index report

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Nigeria’s inflation rose to 33.88% in October

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According to the report, the figure is 1.18% points higher compared to the 32.70% recorded in September 2024. The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased 33.88% in October 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October 2024, which was released in Abuja on Friday. According to the report, the figure is 1.18% points higher compared to the 32.70% recorded…

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Nigeria

Nigeria's inflation rate rises to 33.88% in October 2024

The October inflation figure represents a 1.18 percentage point increase from September's rate, reflecting a sharper rise in prices over the month. The post Nigeria’s inflation climbs to 33.88% in October as food, energy costs soar appeared first on Premium Times Nigeria.

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Nigeria’s inflation climbs to 33.88% in October as food, energy costs soar

Nigeria’s headline inflation rate rose to 33.88 per cent in October from the 32.70 per cent recorded in September largely due to high prices of petroleum products. The October 2024 headline inflation rate increased by 1.18 per cent points compared to the September 2024 inflation rate. On a year-on-year basis, the inflation rate was 6.55% points higher than the rate recorded in October 2023 (27.33%). According to latest figures from the National …

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Sam Nda-Isaiah

JUST-IN: High Petroleum Product Prices Force Nigeria's Inflation To 33.88%

ABUJA (Reuters) –     Nigeria’s inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in September, data from the statistics agency showed on Friday. Inflation quickened sharply in the second half of last year after President Bola Tinubu devalued the country’s naira currency and cut subsidies to try to lift economic growth and shore up public finances. It started to ease in July this year a…

Blue Water Healthy Living

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Nigeria inflation rises for second month in October - Blue Water Healthy Living

The National Bureau of Statistics (NBS) stated that Nigeria’s headline inflation rate rose to 33.88% in October 2024, up 1.18% from 32.70% in September. The figure also represents a 6.55% increase from October 2023, when inflation stood at 27.33%. According to the report released on Friday by the Statistician-General of the Federation, Prince Adeyemi Adeniran, the rise in inflation was fueled by higher prices in key sectors, including food, hous…

The Whistler Nigeria

Nigeria’s Inflation Rises to 33.88%, NBS Blames Rising Food, Housing Costs

ShareThe headline inflation rate in October  2024 has surged further to 33.88% relative to the September 2024 headline inflation rate of 32.70%. This was contained in the National Bureau of Statistics (NBS) data report released on Friday, November 15. According to NBS, the inflation rate increased by 1.18% points compared to the September 2024 headline... The post BREAKING: Inflation Surges Further To 33.88% In October appeared first on New Tele…

Newtelegraph

BREAKING: Inflation Surges Further To 33.88% In October

Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage point month-on-month increase.   The post BREAKING: Nigeria’s inflation rate rises to 33.88% in October 2024  appeared first on Nairametrics.

Nairametrics

BREAKING: Nigeria’s inflation rate rises to 33.88% in October 2024

Tribune Online JUST IN: Nigeria’s October inflation rate rises to 33.88% The inflation rate in Nigeria rose for the second consecutive month in October, reaching 33.88 percent, up from 32.70 percent recorded in September 2024. The National Bureau of Statistics (NBS) disclosed this in data released on Friday in Abuja. The Central Bank of Nigeria (CBN) has raised interest rates five times this year in an […] JUST IN: Nigeria’s October inflation ra…

Tribune Online

JUST IN: Nigeria's October inflation rate rises to 33.88%

The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased 33.88  per cent in October 2024. By Okeoghene Oghenekaro  The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased 33.88  per cent in October 2024.  The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October 2024, which was released in Abuja on Friday. According to the report, the figure is 1.1…

Nigeria’s inflation rose to 33.88% in October

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