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Nigeria’s Inflation moves up to 11.61%– NBS

The National Bureau of Statistics (NBS) latest report on annual inflation rate rose has shown that Nigeria’s inflation has moved up to 11.61 per cent in October.

The NBS made the revealation in its monthly Consumer Price Index October 2018 report.

The inflation which focuses on the rate of increase in prices of goods and services showed that October inflation rate represents the highest level in 17 months, since May 2018.

Research indicates that the rise may not be in connecting to the harsh impact of the current border closure on prices of goods and services.


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