Inflation Rises to 26.72%

James Emejo in Abuja 

The Consumer Price Index (CPI), which measures the change in prices of goods and commodities, increased to 26.72 per cent in September compared to 25.80 per cent in the preceding month, the National Bureau of Statistics (NBS) said Monday.

Year on year, food inflation rose to 30.64 per cent, or 7.30 per cent rise compared to 23.34 per cent in September 2022.

Core inflation, which excludes the prices of 

volatile agricultural produces and energy, stood at 21.84 per cent year on year, up by 4.35 per cent when compared to the 17.49 per cent recorded in September 2022.

Details later….