Nigeria’s Inflation Hits 13.71%- NB

Nigeria’s Inflation Hits 13.71%- NB 2

Nigeria’s inflation rate has climbed to 13.71% in September as prices soar in almost every sector.

According to the National Bureau of Statistics, the composite food index rose by 16.66% in September 2020 compared to 16% in August 2020.

The highest increases were recorded in prices of passenger transport by air, medical services, hospital services, pharmaceutical products, passenger transport by road, motor cars, vehicle spare parts, maintenance and repair of personal transport equipment, repair of furniture and paramedical services.

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