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Home ECOWAS Nigeria

Nigeria’s inflation rate worsening, hit 26.72% in September: NBS

by Diplomatic Info
October 17, 2023
in Nigeria
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The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 26.72 per cent in September 2023.

The NBS disclosed this in its September Consumer Price Index (CPI) and Inflation Report, released in Abuja on Monday.

According to the report, the figure is 0.92 per cent higher than the 25.80 per cent recorded in August 2023. It said on a year-on-year basis the headline inflation rate in September was 5.94 per cent higher than the rate recorded in September 2022 at 20.77 per cent.

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