Nigeria’s headline inflation quickens to 33.8% in October, puts rate hike in focus

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Nigeria’s headline inflation quickened in October after a hike in fuel prices and floods in food-producing areas affected consumer prices, increasing the likelihood of another interest rate hike.

Data from the National Bureau of Statistics on Friday put October’s inflation rate at 33.8%, up from 32.70% recorded in August. Headline inflation slightly accelerated in September, reversing a…

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