Shocking as Inflation in Nigeria rises to 9.3% –NBS

The nation’s Consumer Price Index which measures inflation rose again in August to 9.3 per cent, an increase of 0.1 per cent over the July figure, and staying above the Central Bank of Nigeria’s target upper limit, the National Bureau of Statistics said in its monthly report on Sunday. Food inflation rose marginally to 10.1 per cent year-on-year in August versus 10.0 per cent in July. “