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Inflation declines to 16.33% in September

The nation’s economy recorded an inflation of 16.33 percent in September, 2021.

Statistician General of the Federation, Dr. Simon Harry made this known at a news briefing on the Data in Abuja.

This is in comparison to the figure of 17.01 percent for August.

This marks the 7th consecutive month of decline in the rate of rise in goods and services.

Food inflation was 19.5 percent compared with 20.3 percent the previous month.

The increase in the rate was attributed to the rise in prices of commodities like oil, bread, fish, tuber, milk and egg.

Reporting by Biodun Dare; Editing by Adeniyi Bakare