Inflation highest in two years as food prices keep rising
Nigeria’s inflation rate rose to 13.71 percent in September, the National Bureau of Statistics (NBS) said in a monthly inflation report on Thursday. It was 13.22 percent in August.
The new inflation rate is the highest since March 2018 when it was 13.34 percent.
Food inflation was 16.66 percent in September this year, and cost of food items such as bread and rice rose the highest in the month. Air and road transport fares also increased.
Higher petrol prices have also contributed to inflation this year. Businesses are paying more to transport goods and services and these added costs are passed on to consumers.
Labour unions are negotiating with Abuja to mitigate the rising cost of living.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
FIFA U-20 Women World Cup: Falconets ready for Spain tomorrow, says Aduku
The match is scheduled for 5 p.m. local time (4 p.m. Nigerian time).
Heading 4
Egyptian TV presenter, 11 others sentenced to death over drug trafficking
Ms Khalifa, 39, denied the charges and her lawyer vowed to appeal the death sentence.
World
EPL: Odegaard inspires comeback as Arsenal beat Chelsea 2-1
Arsenal responded in the 11th minute with a goal from Riccardo Calafiori, but it was ruled out by VAR.
Heading 2
Trade War: Trump mocks value of Canada’s dollar, says disparity with U.S. dollar ‘unacceptable’
Mr Trump said the exchange rate between the currencies of two North American countries had been unequal for years and must end.
Heading 1
Peter Obi can’t fix Nigeria; he’s among politicians responsible for its present state, says Baba-AhmedÂ
Mr Baba-Ahmed said, “Those people contesting against him (Mr Tinubu) were all in bed together at some point or another — including Peter Obi.”
Uncategorized
ADC will defeat APC in Zamfara 2027 governorship poll, says chairmanÂ
Mr Garba charged party officials to avoid insults, provocation, and the spread of unverified information.
