Nigeria’s Inflation has risen massively to 27.33% for October 2023.
Newsonline Nigeria reports that Nigeria’s headline inflation rate rose to 27.33%, marking an increase from the September 2023 rate of 26.72%.
This Nigeria news platform understands that 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.
Details later.
