BREAKING: Again, Inflation Rate Increases To 27.3% Amid Rising Food Prices

The consumer price index (CPI), reflecting the rate of change in prices of goods and services, increased to 27.33 percent in October 2023, up from 26.72 percent in the previous month, StechiteGist Media reports.

This information was disclosed by the National Bureau of Statistics (NBS) in its CPI report for September.

The latest figure indicates the tenth consecutive rise in Nigeria’s inflation rate in 2023.

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