Again, Inflation Rises To 32.70% …C0NTINUE READING HERE >>>
Nigeria’s inflation has reversed its downward trajectory as the new data from the National Bureau of Statistics (NBS) showed that headline inflation rose to 32.70 per cent, a 0.55 point increase in September 2024. That is higher than the 32.15 per cent recorded in the previous month.
Food inflation rate in September 2024 was 37.77 per cent on a year-on-year basis, 7.13 per cent points higher than the rate recorded in September 2023 (30.64 per cent).
Recent government’s unpopular policies, including removal of gasoline subsidy and floating of the local currency, have resulted in high…
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