The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate declined for the seventh consecutive month to 15.99 per cent in October.
The Statistician-General of the Federation, Simon Harry disclosed this on Monday in Abuja while presenting the details of the Consumer Price Index report for October.
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According to him, the inflation rate fell by 0.37 per cent from 16.36 per cent in September.
He said that on a month-on-month basis, the Headline index increased by 0.98 percent in October 2021, adding that this is 0.17 per cent rate lower than the 1.15 per cent recorded in September 2021.
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