The National Bureau of Statistics (NBS) says the nation’s consumer inflation rose to 9.4 per cent year-on-year in September from 9.3 per cent in August 2015.
The NBS made the disclosure in its September Consumer Price Index on Wednesday.
The NBS attributed the increase to a result of higher food and non-food divisions which include alcoholic beverage, tobacco and kola; clothing and footwear; housing, water, electricity, gas and other fuels divisions.
“While the Muslim holidays period may have contributed to higher food prices, the food sub-index as a whole recorded a marginal increase by
10.2 per cent (year-on-year) in September from 10.1 per cent in August.
10.2 per cent (year-on-year) in September from 10.1 per cent in August.
“Prices rose in major categories such as bread and cereals, meats, fish, oils and fats groups.
“The fruits, vegetables and potatoes, yams and other tubers groups have, however, held constant or grown at a slower pace for three consecutive months, ultimately weighing on the index.
The Federal Government should do something about our economy as inflation is increasing daily.
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