Nigeria’s inflation rate continued its upward journey as the latest report from the National Bureau of Statistics (NBS) showed that it surged to 27.33 per cent in October.
The report, released on Wednesday, showed a 0.61 percentage point increase from the 26.72 per cent that was recorded in September.
In the Consumer Price Index (October 2023), the NBS stated: “In October 2023, the headline inflation rate increased to 27.33 per cent relative to the September 2023 headline inflation rate which was 26.72 per cent.
