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Nigeria’s Inflation Hits 18.3% in October

inflation

The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation rate with the index rising from 17.9 per cent in September to 18.3 per cent in October.

The bureau in the report attributed the increase in inflation rate to pressures recorded in some sub-index such as housing, electricity, gas, water, lubricants for personal transport and education.

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