Food and petrol price hikes have pushed Nigeria’s inflation to 33.88 percent in October 2024, from 32.70 percent recorded in the previous month. The National Bureau of Statistics, NBS, disclosed this on Friday in its Consumer Price Index and Inflation report for October 2024.

Bureau of Statistics says Nigeria’s inflation rate rose to 33.88 percent in October 2024 — up from 32.7 percent in September.

The report, released on Friday, revealed that the October Headline inflation rate increased by 1.18 percentage points from the 32.70% recorded in September 2024.

Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage

Inflation rate in Nigeria has increased for the second consecutive month in October, reaching 33.88 percent, up from 32.70 percent recorded in September 2024.

Nigeria's inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in September mainly due to higher food prices, official data showed on Friday. I

More woes for Nigerians as food inflation increased to 39.16 percent in October 2024 from 37.77 percent in September, under President Bola Ahmed Tinubu’s administration. This is according to the National Bureau of Statistics’ latest consumer price index and inflation data released on Friday.