The report said that the Consumer Price Index (CPI) which measures the inflation rate increased to 17.71 per cent on a year-on-year basis.
Nigeria’s inflation rate rose to 15.92 per cent in March.
The NBS said the new data was a 0.10 per cent increase from the 15.60 per cent recorded in January 2022.
The report revealed that food inflation in October was highest in Kogi at 23.69 per cent closely followed by Gombe with 23.29 per cent and Jigawa at 21.91 per cent.
Mr Harry says hikes in food prices were caused by an “imperfect economy.”
Nigeria’s inflation rate has been on a steady decline for four consecutive months.
