Top Stories

Food, fuel price hikes push Nigeria’s inflation to 33.88% in October

Food and petrol price hikes have pushed Nigeria’s inflation to 33.88 percent in October 2024, from 32.70 percent recorded in the previous month.

The National Bureau of Statistics, NBS, disclosed this on Friday in its Consumer Price Index and Inflation report for October 2024.

Advertisement

Looking at the data, month-on-month, Nigeria’s headline inflation rate in October 2024 was 2.64 percent.

This comes as food inflation rose to 39.16 percent in October 2024, from 37.77 percent in September 2024.

Advertisement

The Central Bank of Nigeria’s Inflation Expectation Survey, released on Tuesday, predicted Nigeria’s inflation to rise.

CityNews Nigeria reports that energy cost rise in the period under review, with petrol pump price rising above N1,030 per litre in October, from N617 in August 2024.

Advertisement
citynews

Recent Posts

NIGERIAN BREWERIES PARTNERS OZA CARNIVAL

PRESS STATEMENT Nigerian Breweries PLC - The pioneer and largest brewing company in Nigeria which is…

5 hours ago

CAF Made Me Believe I Won – Achraf Hakimi

Paris Saint-Germain star Achraf Hakimi has spoken out following his defeat by Ademola Lookman for…

17 hours ago

Oleksandr Usyk defeats Tyson Fury to tetain heavyweight title

Ukrainian boxer Oleksandr Usyk reinforced his position as one of the greatest heavyweight champions in…

17 hours ago

Nigerian Emergency Agency NEMA Puts All Offices On Alert Over Fatal Stampedes

The National Emergency Management Agency (NEMA) has said it has put all its zonal, territorial…

17 hours ago

We Will Bury PDP, Ibori’s Daughter Blows Hot

Erhiatake Ibori-Suenu, member representing Ethiope Federal Constituency of Delta State in the House of Representatives…

17 hours ago

Emefiele: EFCC secures final forfeiture of 1.925 hectares of landed property linked to former CBN Governor

The Economic and Financial Crimes Commission (EFCC) has reportedly secured a final forfeiture order for…

17 hours ago