In the same line, food inflation increased from 24.32 per cent in January to 24.35 percent in the reviewed month.
The most recent development suggests that Nigeria’s inflation rate has reached its highest point since September 2005, when it was 24.32 per cent.
The increase was 4.14 per cent points higher compared to the rate recorded in September 2021 at 16.63 per cent.
The latest inflation data represents a 0.88 per cent increase from the 19.64 per cent recorded in July 2022.
The National Bureau of Statistics says Nigeria’s inflation has dropped for its fifth consecutive month.
Residents say the high cost of yams had forced them to look for alternatives in Irish and sweet potatoes.
The statistics office said food inflation soared to 18.30 percent last month, a 0.92 percent increase from 17.38 percent recorded in October.
