After recording a two-month consecutive fall, Nigeria’s headline inflation rose to 32.70 per cent from 32.15 per cent in August, according to the National Bureau of Statistics (NBS) on Tuesday.
Advertisement
Inflation indicators compare prices of goods and services in 12 months. A decline does not necessarily imply a reduction in prices; instead, it shows the rate of price increase had fallen compared to previous months.
According to the NBS, the September 2024 Headline inflation rate showed an increase of 0.55 per cent compared to the August 2024 headline inflation rate.
Details soon….
