Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.
15% in August 2024, marking a 0.55% increase month-on-month.
Additionally, on a month-on-month basis, the headline inflation rate in September 2024 was 2.52%, 0.
30% higher than the 2.22% recorded in August 2024.
Food InflationThe food inflation rate in September 2024 was 37.77% year-on-year, marking an increase of 7.
13 percentage points from the 30.64% recorded in September 2023.
Rural and Urban inflation in SeptemberThe urban inflation rate in September 2024 was 2.67%, reflecting a 0.
28 percentage point increase compared to 2.39% in August 2024.
Meanwhile, the rural inflation rate stood at 2.39% in September 2024, up by 0.
33 percentage points from 2.06% recorded in August 2024.
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