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

Nigeria’s inflation rate touched 33.88 per cent in the month of October, up from 32.70 per cent in September, the National Bureau of Statistics (NBS) said Friday.

This marks a continuation of the upward trend observed in September, when the nation recorded a reversal of a two-month decline.

The October inflation figure represents a 1.18 percentage point increase from September’s rate, reflecting a sharper rise in prices over the month.

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