\n
The majority of Nigerians believed that the country\u2019s inflation would rise further in October 2024.<\/p>\n
This is according to the Inflation Expectation Survey released on Tuesday by the Central Bank of Nigeria, CBN.<\/p>\n
This comes ahead of Nigeria\u2019s October inflation figure to be released by the National Bureau of Statistics on Friday, 15 November 2024.<\/p>\n
The CBN report had indicated that October inflation will rise further from 32.70 per cent recorded in September.<\/p>\n
The CBN survey said that rising energy costs would be the major driver of the expected October inflation figure.<\/p>\n
\u201cThe overall perception of the current inflation rate shows that most respondents believe the inflation rate is high. Further analysis indicates that this perception is mainly driven by household respondents,\u201d it stated.<\/p>\n
DAILY POST recalls that the price of Premium Motor Spirit increased from N617 to between N1060 and N1,150 per litre. Similarly, the prices of automotive gas oil (diesel), kerosene, liquefied petroleum gas (cooking gas), and electricity costs have witnessed significant rises in the last months.<\/p>\n
Inflation in October expected \u2014 CBN<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The majority of Nigerians believed that the country\u2019s inflation would rise further in October 2024. This is according to the…<\/p>\n","protected":false},"author":1,"featured_media":58612,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,4274,1503,15],"tags":[],"class_list":["post-58611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cbn","category-inflation","category-news"],"yoast_head":"\n
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