Nigeria inflation eases to 11.3 pct yr-yr in Sept – stats bureau

FGNNigeria’s consumer inflation eased for the third straight month to 11.3 percent year-on-year in September, down from 11.7 percent year-on-year in August, the National Bureau of Statistics (NBS) said on Wednesday.

Food inflation, the largest contributor to the headline index, rose slightly to 10.2 percent year-on-year in September, from 9.9 percent in August, NBS numbers showed.

Core inflation, a figure closely watched by the central bank, dropped to 13.1 percent year-on-year in September from 14.7 percent the previous month.

Source: Reuters (Reporting by Joe Brock)

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