Inflation Drops To 11.26% In October – NBS

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The National Bureau of Statistics, NBS, on Wednesday released the Consumer Price Index Report which measures inflation with inflation rate dropping from 11.28 per cent in September to 11.26 per cent in October.

It said that urban inflation rate increased by 11.64 per cent year-on-year in October 2018 from 11.70 per cent recorded in September.

On the other hand, the NBS report made available to The Punch said the rural inflation rate increased to 10.93 per cent in October from 10.92 per cent in September.

On a month-on-month basis, the report stated that the urban index rose by 0.76 per cent in October, from 0.86 per cent recorded in September.

It added that the rural index also rose by 0.72 per cent in October, down from the 0.82 per cent rate recorded in September.

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