Nigeria’s inflation continued in an upward trend in October, rising to 14.23 percent, 0.52 percentage points higher than the 13.71 percent recorded in September.
The latest data released by the National Bureau of Statistics on Monday, records that the core food index rose by 17.38 percent majorly driven by increases in food items.
Core inflation has also maintained a steady rise to 11.14 percent, from the 10.58 percent reported in August this year.
Urban inflation rose to 14.81 percent year-on-year from the 14.31 percent recorded last month, while rural inflation hit 13.68 percent.
Meanwhile, inflation was highest in Zamfara, Sokoto, and Ebonyi, with Lagos, Abuja, and Cross River recording the lowest in October.