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Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October - Business - Nairaland

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CBN Increases Interest Rate To 27.25% From 26.75% / Inflation Continues Upward Trend To 12.40% As Imported Food, Transport Cost Rise / Gtbank Slashes Loan Interest Rate To 1.33% For Customers (2) (3) (4)

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Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Nemere2020: 12:25pm On Nov 15, 2023
Nigeria’s headline inflation rate rose to 27.33%, marking an increase from the September 2023 rate of 26.72%.

The October 2023 headline inflation rate represents a 0.61 % point increase compared to the figure for the previous month of September.

Additionally, on a year-on-year basis, the headline inflation rate was 6.24% points higher than the rate recorded in October 2022, which stood at 21.09%.

This indicates a growth in the headline inflation rate (year-on-year basis) in October 2023 compared to the corresponding month of 2022.


https://nairametrics.com/2023/11/15/nigerias-inflation-continues-upward-trend-rises-to-27-33-for-october/

11 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by YinkaOlusesi16(m): 12:29pm On Nov 15, 2023
NO MATTER WHAT, ME AND MY FAMILY GO SURVIVE. I NO FEAR ATALL

11 Likes 5 Shares

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by lordm(m): 12:29pm On Nov 15, 2023
It is well.

2 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by EtinosaDLaw(m): 12:49pm On Nov 15, 2023
Nigerians will learn that it is one thing to be a clever politician, and another to be a good leader. Two very different things!

Asiwaju is a master strategist! Asiwaju is working!!

May Nigeria's worsening double-digit inflation rate favour me and my family!!

57 Likes 11 Shares

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Ropo0126: 12:49pm On Nov 15, 2023
Omo E don really red ooooo
Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by diamond68: 12:49pm On Nov 15, 2023
grin
Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by wanimo: 12:49pm On Nov 15, 2023
Agbado miscreants don't understand what inflation means.....

All they care about is the meagre N30k that comes from Sheyi Tinubu every month.

By the time their eyes go clear, many of them would have committed suicide when they get tired of defending Baba druggie

34 Likes 2 Shares

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by phemmyfour: 12:49pm On Nov 15, 2023
Ẹ ẹ ti ri n kan kan

Dj, play me loaded by Asake ft Tiwa Savage

Dem never see nothing
Dem go see something

11 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Rainbow10: 12:49pm On Nov 15, 2023
Renewed shege
Nigerians never see shuntin.......

8 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by crossfm: 12:50pm On Nov 15, 2023
Hehehe.

Time for propaganda is over. Let the people that want to grab power also be ready to do the work that comes with power.

The one's shouting,"na statistics we go chop",day don break o.

The ones shouting, subsidy is gone, oya oh.
You remove subsidy without plans to cushion the effect.

I thought the zombies working for buhari had the most difficult job on earth,but you see the ones laundering the image of this present government now have the hardest job.

Them go explain taya grin cheesy.

34 Likes 6 Shares

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by ogawisdom(m): 12:50pm On Nov 15, 2023
grin

Yet Nigerians cannot protest, actually it's more than 100%.

Everything is presently over priced look at onion, water, spaghetti, egusi, garri I mean common things are so expensive yet salary remains the same.

17 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by rentAcock(m): 12:50pm On Nov 15, 2023
People need to stop whining and wailing and find solutions to counter inflation. Nigeria's inflation rate is still far better than Turkey, Argentina, Venezuela, Zimbabwe etc. And some of those countries have more oil reserves than Nigeria.
If by now you haven't figured out how to convert your money to a stable coin or bitcoin, then you must really like seeing your money depreciate everyday. Things will get worse before it gets better, but I will never give up on this country.

1 Like

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Lomprico2: 12:50pm On Nov 15, 2023
Jagaban is working na
Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by GODISGREAT123: 12:50pm On Nov 15, 2023
YinkaOlusesi16:
NO MATTER WHAT, ME AND MY FAMILY GO SURVIVE. I NO FEAR ATALL

You and your family?

Is that not selfish

8 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Chetas81(m): 12:51pm On Nov 15, 2023
NIGERIAN FOREVER BE WRENCH SPANNER TOOLS FOR THE POLITICIAN, AWON ERANKO ONIRANU OLUYA, ENJOYED YOUR LOST 😜✋

1 Like

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Hezzyluv: 12:51pm On Nov 15, 2023
The one wey weak me pass na the price of bread wey man dey take console himself. cry

Even 2,500 loaf of bread dey now. sad

9 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by babayinka77(m): 12:51pm On Nov 15, 2023
Nemere2020:


https://nairametrics.com/2023/11/15/nigerias-inflation-continues-upward-trend-rises-to-27-33-for-october/

Nigeria will be best for me and my household...and whoever wants good for this country. We will not suffer!

2 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by imoowo(m): 12:51pm On Nov 15, 2023
They all think it's funny or maybe politics, very soon FG will learn how Not to be Stupid. There is so much hardship I mean it.

8 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by KwuoteYourFada: 12:51pm On Nov 15, 2023
Technocrats on the mud cheesy


Overated tribe cheesy

Them think say na propaganda

5 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by EKONGKING: 12:51pm On Nov 15, 2023
World wide there huge increase in inflation , we have already seen millions of people in uk that are struggling to survive .
Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by erutoria: 12:51pm On Nov 15, 2023
Baba God na your hand we dey o

1 Like

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by igwebuike01: 12:52pm On Nov 15, 2023
Ronu terrorists how market? Shebi una still de teach Igbos a lesson?

20 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by oluwaseyi0: 12:52pm On Nov 15, 2023
hmmmm

another mega inflation loading in December

2 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Chetas81(m): 12:52pm On Nov 15, 2023
YinkaOlusesi16:
NO MATTER WHAT, ME AND MY FAMILY GO SURVIVE. I NO FEAR ATALL
SURVIVAL CITIZEN BELONG TO NIGERIA, I CONGRATULATE YOU GUYS IN ADVANCE 🌶️🌶️🌶️🌶️
Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Chetas81(m): 12:53pm On Nov 15, 2023
EtinosaDLaw:
May Nigeria's worsening inflation favour me and my family!!
THE PRAYER OF SHITHOLE CITIZEN,IS NOT MORE THAN THIS, AWON ERANKO OLUYA CITIZEN

6 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Jcomtrader: 12:53pm On Nov 15, 2023
Millions of Nigerians are getting hungry by the day
Many on drugs cant afford the drugs again
Apc is a curseto Nigeria

Those who voted based on tribe and hate to spite the SS and SE. Hope they are happy now

Las las. The common man will suffer

9 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Patriottt: 12:54pm On Nov 15, 2023
What do you want us to do with this news??
Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Chetas81(m): 12:54pm On Nov 15, 2023
erutoria:
Baba God na your hand we dey o
TELL THAT TO EMIRATES CITIZEN, AWON OLUYA ERANKO CITIZEN

2 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Patriottt: 12:55pm On Nov 15, 2023
Na Statistics we go Chop??

3 Likes 1 Share

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by iammo(m): 12:55pm On Nov 15, 2023
cool



Structural Adjustment Program


Why can't people see PBAT plan or atleast read his policies on Renewal of hope

Black man read


.
Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by Bobloco: 12:55pm On Nov 15, 2023
Where are those who said Tinubu is a master strategist and will employ "best brains" and "technocrats" to fix the country.

For over five months since he took over, it's all gloom and doom

7 Likes

Re: Nigeria’s Inflation Continues Upward Trend, Rises To 27.33% For October by nairalanda1(m): 12:56pm On Nov 15, 2023
There are three basic ways to reduce the threat of Dutch disease: (1) slowing the appreciation of the real exchange rate, (2) boosting the competitiveness of the adversely affected sectors, and (3) demographic adaptation. One approach is to withhold the boom revenues, that is, not to bring all the revenues into the country all at once, and to save some of the revenues abroad in special funds and bring them in slowly. In developing countries, this can be politically difficult as there is often pressure to spend the boom revenues immediately to alleviate poverty, but this ignores broader macroeconomic implications.

Wikipedia

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