Breaking: Nigeria’s inflation rate hits 25.80%

September 15, 2023

The National Bureau of Statistics (NBS) has declared that Nigeria’s inflation rate rose to 25.80 per cent in August 2023.

The inflation rate rose from 24.08 per cent recorded in July 2023.

The NBS made the declaration via its Consumer Price Index (CPI) report for August 2023, released on Friday, September 15.

It noted that the country’s inflation rate was raised by increases in food prices.

Details later…