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Inflation Hits 32.7% as Food and Energy Prices Skyrocket

Nigeria’s inflation rate has surged to 32.7% in September, following a brief two-month decline, according to data released yesterday by the National Bureau of Statistics (NBS). The Consumer Price Index (CPI), which tracks the rate of change in the prices of goods and services, rose from 32.15% in August. The year-on-year increase is even more […]

Inflation Rate Rises to 33.6% in April — NBS

Nigeria’s headline inflation rate surged to 33.69% in April, up from 33.20% in March 2024, according to the National Bureau of Statistics (NBS). This represents a 0.49 percentage point increase over the previous month. The NBS, which released the data on Wednesday, attributed the rising inflation to escalating food prices. The food inflation rate in […]