Nigeria’s headline inflation rate increases to 32.70 per cent in September 2024, compare to 32.15 per cent recorded in August 2024. This is a 0.55 per cent increment in the headline inflation.

Data from the Nigeria Bureau of Statistics (NBS) shows that the annual inflation rate was 5.98 per cent higher in contrast to (26.72 per cent) rate recorded in September 2023. Surges experienced in average prices of items as well as goods and services could be attributed to this rise.

On month-on-month, the headline inflation in the September 2024 was 2.52 per cent a 0.30 percent higher than 2.22 per cent recorded in August 2024.