Nigeria’s Inflation Rate Climbs to 33.88% in October 2024, Reflecting Worsening Economic Conditions

The inflationary pressure on Nigeria’s economy has further intensified, with the headline inflation rate climbing to 33.88% in October 2024, according to the latest report from the Nigerian Bureau of Statistics (NBS). This marks an increase from the September 2024 figure of 32.70%, indicating a month-on-month rise of 1.18 percentage points. Year-on-year, the October 2024 [...]The post Nigeria’s Inflation Rate Climbs to 33.88% in October 2024, Reflecting Worsening Economic Conditions appeared first on Tekedia.

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