Latest News
Nigeria’s inflation inches up to 32.7 per cent
News Highlight
Food inflation rate in September 2024 was 37.77%. On a year-on-year basis, it was 7.13 percentage points higher than the rate recorded in September 2023 (30.64%).
Nigeria’s inflation rate rose slightly in September 2024 to 32.70%, according to data released on Wednesday by the National Bureau of Statistics. The headline inflation rate was 32.15% in August 2024.
On a year-on-year basis, the September figure was 5.98 percentage points higher compared to the rate recorded in September 2023, which was 26.72%.
Food inflation rate in September 2024 was 37.77%. On a year-on-year basis, it was 7.13 percentage points higher than the rate recorded in September 2023 (30.64%).
Core inflation, which excludes the prices of volatile agricultural produces and energy, stood at 27.43% in September 2024. It rose by 5.59 percentage points compared to the 21.84% recorded in September 2023.
Related News
-
Nigeria’s inflation rate climbs to 15.38 per cent
Core inflation, which excludes the prices of volatile agricultural produce and energy, stood at 16.21 per cent in March, on a ...
-
Nigerian inflation rate climbs to 34.19 percent
The food inflation rate in June 2024 was 40.87% on a year-on-year basis, which was 15.62% points higher compared to the rate ...
-
Outlook of Nigeria’s economic growth is subdued – IMF
To strengthen the outlook, IMF advises major reforms in fiscal, exchange rate, trade and governance to alter the long-running ...
Latest Blogs
- Nigeria’s democratic illogic
- The scourge of public infrastructure vandalism
- Can Nigeria’s new deep offshore incentives unlock capital?
- Was Nigeria absent or excluded from WAICO?
- Governor Peter Mbah’s Tomorrow Enugu
Most Popular News
- AFC backs N729bn bond issuance under Nigeria's power sector reforms
- Oil falls below $100 on hopes of swift Saudi supply recovery
- CBN cuts interest rate to 23 per cent in surprise shift towards growth
- Guterres renews call for polluters to pay
- WIOCC secures new investors for Africa infrastructure expansion
- Afreximbank signs $500m facility with ATDC to boost intra-African trade
Quick Search for Upcoming Events
