Nigeria's Inflation Slows for the First Time in Three Months

The annual inflation rate dropped to 11.26% in October compared to 11.28% recorded in September. However, despite the decline in inflation figures, food prices have continued to rise with the highest increases recorded in Bayelsa, Abuja, and Taraba, while Bauchi, Oyo and Plateau States had the lowest increases.

Photo: Pixabay

(file photo).

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.