Nigeria's inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in September mainly due to higher food prices, official data showed on Friday. I

Inflation grew again in October, leading some to wonder about the merits of borrowing from their home equity now.

Nigeria's inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in September, data from the statistics agency showed on Friday. Inflation quicke

Key Takeaways The Producer Price Index delivered a higher-than-expected annual wholesale inflation rate of 2.4% in October.That was the highest level in three months and above analysts' expectations.Economists don’t expect the higher inflation data to derail an expected December interest rate cut by the Federal Reserve,

U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.

More woes for Nigerians as food inflation increased to 39.16 percent in October 2024 from 37.77 percent in September, under President Bola Ahmed Tinubu’s administration. This is according to the National Bureau of Statistics’ latest consumer price index and inflation data released on Friday.