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 in September 2024.
It said on a year-on-year basis, the headline inflation rate in October 2024 was 6.55% higher than the rate recorded in October 2023 at 27.33%. In addition, the report said on a month-on-month basis, the headline inflation rate in October 2024 was 2.64%, which was 0.12% higher than the rate recorded in September 2024 at 2.52%.
“This means that in October 2024, the rate of increase in the average price level was higher than the rate of increase in the average price level in September 2024.”
