Abokirate

AbokiFX Rate get the live exchange rates. Convert foreign currencies instantly with the Abokifx calculator. Nigeria News..,

Inflation-Rate

Inflation rate crosses 14%; highest rise in four years

The National Bureau of Statistics (NBS) has announced that consumer price index, which measures inflation, rose to 14.23 percent in October.

This new rate, which is an increase from the previous rate by 0.52% points, is the highest recorded since July 2016 when the inflation rate rose by 0.65% points.

FOR GTBANK EXCHANGE DOLLAR TO NAIRA RATE TODAY VISIT ABOKIFX

Inflation, or consumer price index, measures the rate at which the prices of goods and services increase over a period of time.

According to the October CPI/Inflation report released on Monday, it as shown that food inflation hit 17.38 percent from 16.66 percent in September.

IN CASE YOU MISSED IT, Yellow fever outbreak spreads to three Enugu LGAs

The NBS said the rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, meat, fish, fruits, vegetable, alcoholic and food beverages and oils and fats.

MORE DETAILS LATER…

FIND DOLLAR TO NAIRA EXCHANGE RATE ON ABOKI FX