The Inflation rate in Nigeria has continued to soar, rising for thirteenth straight months in September 2020, as the prices of goods and services continue to rise in the country. According to the report released by the National Bureau of Statistics, the Consumer Price Index (CPI) which measures inflation increased by 13.71 percent year on year in September 2020.

This is 0.49 percent higher than 13.22 percent recorded in August 2020. The inflation in Nigeria rate was 12.82 percent in July.

August inflation rate is the highest that has been recorded in Nigeria since March 2018.

On a month-on-month basis, the Headline index increased by 1.48 percent in September 2020. This is a 0.14 percent rate higher than the 1.34 percent recorded in August 2020.

Read full article at; https://investogist.com/just-in-inflation-rate-in-nigeria-hits-13-71-highest-in-two-and-half-years/

It is well! This nation ought not to be named "Nigeria" This nation needs a change of name.