The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 21.09% in October 2022, the highest in over 19 years.
NBS stated this in its Consumer Price Index (CPI) report published on Tuesday.
According to the report, the October inflation figure rose by 5.09% compared to the rate recorded in October 2021, which was 15.99%.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2025 All Rights Reserved | Curated and Powered by Nigeria DNA
