BREAKING: Inflation hits 11.61% — highest in 18 months

 

 

 

 

 

 

The consumer price index, which measures inflation, rose to 11.61% in October, data released by the National Bureau of Statistics (NBS) has shown.

This is an increase of 0.37 percentage points compared to 11.24% recorded in September.

This was the exact inflation rate recorded in May 2018 when the country was recovering from the recession and high inflation rate.

More to follow…