Nigeria’s Inflation Rate Rises

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Nigeria’s inflation rate surged to 20.77% in September 2022, up from 20.52% recorded in the previous month.

According to the National Bureau of Statistics, Nigeria’s CPI rose by 20.77% year-on-year in September 2022.

On a month-on-month basis, the index rose by 1.36% compared to the 1.77% increase recorded in the previous month.

Written by: Helen Obih

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