Nigeria

Nigeria’s headline inflation rate increased to 27.33% in October, marking an increase from the September 2023 rate of 26.72%.

Nigeria’s inflation rate rose to 22.79% in the month of June 2023, representing a 0.38% points increase from 22.41% recorded in the previous month.

Nigeria witnessed a year-long increase in food prices, particularly for key ingredients such as beef, tomato, and rice, as food inflation rises by 1.13% year on year to 24.19% 

Nigeria’s headline inflation rate rose to 22.22% in April 2023, a 0.18% point higher than the 22.04% recorded in the previous month.