September Inflation Rises to 13.71% as World Bank, IMF Plan Debt Reduction for Nigeria, Others

October 16, 2020/Cowry Asset Report

Freshly released Consumer Price Index (CPI) data by the National Bureau of Statistics (NBS) showed that the annual inflation rate maintained its upward trajectory, as it further rose to 13.71% in the month of September (from 13.22% printed in August).

The northward movement in inflation rate was chiefly due to a jump in Food inflation rate to 16.66% in September (from the 16% printed in August).

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