Nigeria’s inflation has rose to 33.88% in October 2024, up from 32.7% in September, according to the National Bureau of Statistics (NBS).
This marks a 6.55% increase year-on-year from October 2023’s 27.33%.
The climb reflects higher costs in essentials such as food, housing, and energy.
Food inflation surged to 39.16% year-on-year, driven by the spike in prices of staples like rice, maize, and palm oil.
