BREAKING: Nigeria’s Inflation Rises Massively To 27.33% For October 2023 [DETAILS]

BREAKING: Nigeria’s Inflation Rises Massively To 27.33% For October 2023 [DETAILS]—-Nigeria’s headline inflation rate rose to 27.33%, marking an increase from the September 2023 rate of 26.72%.

The October 2023 headline inflation rate represents a 0.61 % point increase compared to the figure for the previous month of September.

Additionally, on a year-on-year basis, the headline inflation rate was 6.24% points higher than the rate recorded in October 2022, which stood at 21.09%.

This indicates a growth in the headline inflation rate (year-on-year basis) in October 2023 compared to the corresponding month of 2022.

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