Nigeria’s headline inflation rate surged to 27.33% in October 2023, marking a further rise from the already elevated September figure of 26.72%. This represents a 0.61% point increase compared to the previous month.
The year-on-year analysis paints an even more concerning picture, with the October 2023 inflation rate standing a staggering 6.24% points higher than the 21.09% recorded in October 2022.
More to follow…
