Inflation: Bureau Confirms Rise By 0.22% To 11.24% In September - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
October 16, 2019
The National Bureau of Statistics, NBS says inflationrate in September 2019 increased by 0.22 per cent to 11.24 per cent from 11.02per cent recorded in August.
It said this in its Consumer Price Index, CPI,September 2019” released on Tuesday in Abuja.
It also said that urban inflation rate increasedby 11.78 per cent year-on-year in September from 11.48 per cent recorded inAugust, while the rural inflation rate increased by 10.77 per cent in Septemberfrom 10.61 per cent in August.
According to the Bureau, on a month-on-month basis,the urban index rose by 1.13 per cent in September, up by 0.09 from 1.04 percent recorded in August.
It added that the rural index also rose by 0 .96 percent in September, up by 0.03 per cent from the rate recorded in August 0.93per cent.
The report said that the corresponding twelve-monthyear-on-year average percentage change for the urban index is 11.63 per cent inSeptember.