How CBN, FG Can Manage Nigeria's Inflation As It Hits 27.33%

Inflation has been a major challenge affecting many Nigerians for several months now.
Prices of goods and services have continued to skyrocket coupled with the high cost of fuel and Naira depreciation.

According to the Latest inflation data released by the National Bureau of Statistics in October 2023, the headline inflation rate increased to 27.33 percent compared to the September inflation rate which was 26.72 percent.

Another report also shows that food inflation increased by 31.52 per cent in October 2023 signaling a 0.88 per cent increase over the 30.64 per cent recorded in the previous month.
As Nigerians go through this difficult phase they are hoping that the government takes strategic actions to lessen their burden.

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