Nigeria’s inflation rises to 11.28% -NBS

October 17th, 2018

The National Bureau of Statistics (NBS) says the Consumer Price Index, (CPI) which measured inflation for September increased to 11.28 per cent (year-on-year) from 11.23 per cent recorded in August.

The NBS disclosed this in its “CPI and Inflation Report” for September released in Abuja.

According to the Bureau, the figure is 0.05 per cent points higher than the rate recorded in August.

The report showed that increases were recorded in all the Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the headline index.

On month-on-month basis, NBS said that the Headline Index increased by 0.84 per cent in September down by 0.21 per cent points from the rate recorded in August (1.05 per cent).

 

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