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Inflation eases to 11.3% year-on-year in September – National Bureau of Statistics

By on October 17, 2012

Nigeria’s consumer inflation eased for the third straight month to 11.3 percent year-on-year in September, down from 11.7 percent year-on-year in August, the National Bureau of Statistics (NBS) said on Wednesday.

Food inflation, the largest contributor to the headline index, rose slightly to 10.2 percent year-on-year in September, from 9.9 percent in August, the NBS numbers showed.

Core inflation, a figure closely watched by the Central Bank, dropped to 13.1 percent year-on-year in September from 14.7 percent the previous month.

 

 

 

 

Source: Channels