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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
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.”
Heading 2
Court overrules El-Rufai’s objection to DSS forensic witness
Mr El-Rufai arrived at court amid heavy security, accompanied by his wife and Isa Kudan, the ADC governorship candidate in Kaduna State.
World
Trump fires U.S. ambassador Kimberly Guilfoyle after allegations she demanded money from donor
Mr Trump had said he was considering firing Ms Guilfoyle amid allegations that she demanded $100,000 from a political donor
States
NAFDAC nabs two suspects over counterfeit alcoholic beverages in Lagos
NAFDAC said the suspects also revalidated expired and unsafe beverages for resale and stockpiled banned imported products.
States
Troops arrest suspected arms racketeers in Anambra
The army added that the suspects are currently in the custody of the 302 Artillery Regiment for further investigation.
World
Pope Leo XIV diagnosed with lung cancer after surgery: Vatican
The Vatican on Tuesday said Pope Leo XIV’s surgery to remove a nodule from his lungs confirms he has cancer.
Hot news Home top
63-year-old Duane ‘Keffe D’ Davis sentenced to 40 years for murder of Tupac
Shakur was killed in a drive-by shooting in Las Vegas while he visited the city to see a Mike Tyson boxing bout.
