Nigeria’s Headline Inflation Surges To 26.72%

According to figures issued by the National Bureau of Statistics, Nigeria’s headline inflation rate jumped to 26.72%, 92 basis points more than the 25.80% reported in August. This was exacerbated by food inflation, a falling naira, and the withdrawal of subsidies. The effects of measures that began in June have seeped into headline inflation rate … Continue reading Nigeria’s Headline Inflation Surges To 26.72%