November 11, 2023/InvestmentOne Report Please click to download our October 2023 Inflation Update Inflationary pressure remains persistent in the Nigerian economy as households and businesses continue to grapple with high cost of living and operation. According to the newly released Consumer Price Index (CPI) report by the National Bureau of […]
Updates
The Consumer Price Index Increases Further in October 2023
November 16, 2023/CSL Research The National Bureau of Statistics (NBS) reported that the Headline inflation rate increased to 27.33% y/y in October, 61bps and 624bps higher than the inflation rate of 26.72% and 21.09% reported in September 2023 and October 2022 respectively. On a month-on-month basis, the nation’s headline inflation […]
Nigeria’s Inflation Rise +27.33% YoY in October 2023, Food Prices Soar +31.52%
November 15, 2023/NBS All Items Index In October 2023, the headline inflation rate increased to 27.33% relative to the September 2023 headline inflation rate which was 26.72%. Looking at the movement, the October 2023 headline inflation rate showed an increase of 0.61% points when compared to the September 2023 headline […]
