According to the National Bureau of Statistics (NBS), headline inflation in Nigeria came in at 20.77% YoY in September, 0.25% points higher than 20.52% YoY recorded in August. This marks the ninth consecutive increase since the start of the year.Click the link below to read the full report.
In arriving at its decision, the Committee weighed various economic developments, including the weakening global output due to supply chain disruptions worsened by the Russia-Ukraine war. This, along with COVID-19 lockdown in China, persisting global inflationary pressures, tightening financial conditions owing to broad-based aggressive policy, capital flow reversals in emerging markets and its consequent upward …
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