October 15, 2020/Cowry Asset

Freshly released Consumer Price Index (CPI) data by the National Bureau of Statistics (NBS) showed that the annual inflation rate maintained its upward trajectory, as it further rose to 13.71% in the month of September (from 13.22% printed in August).

The northward movement in inflation rate was chiefly due to a jump in Food inflation rate to 16.66% in September (from the 16% printed in August).

Click here to read full PDF copy of report