Nigeria: Inflation Declines Marginally to 11.26% in October

22 November 2018

The Consumer Price Index (CPI) which is used to gauge inflation rate in the country declined slightly year-on-year to 11.26 per cent in October, compared with the 11.28 per cent recorded in September, the National Bureau of Statistics (NBS) revealed yesterday.

It showed that food prices in four states in the country experienced negative inflation between September and October 2018. The states were Akwa Ibom, Benue, Kwara and Ondo.

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