Nigeria’s headline inflation rate has had a spike of 27.33%, from the 26.72% it was in September 2023.
The headline inflation rate for October 23 indicate a 0.61 % point increase compared to the figure for the previous month of September.
On a year-on-year basis, the headline inflation rate was 6.24% points higher than the 21.09 % rate recorded in October 2022, an indication of growth in the headline inflation rate (year-on-year basis) in October 2023 compared to the corresponding month of 2022.
