BREAKING: Nigeria’s inflation rate increases to 27.3% amid rising food prices

The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 27.33 percent in October 2023 — up from 26.72 percent in the previous month.

This was disclosed by the National Bureau of Statistics (NBS) in its CPI report for September, released on Tuesday.

The latest figure marks the tenth consecutive rise in the country’s inflation rate this year. (the Cable)