AbujaFood inflation rose to 19.59% as headline inflation fell.
Food takes a substantial share of lower-income households’ spending.
Nigeria’s headline inflation fell to 14.63% from 15.39% in August, and core inflation to 12.95%, the statistics bureau said.
Food inflation was 20.16% a year earlier, so the annual pace has moderated.
Households are still absorbing fuel-subsidy removal, the naira’s devaluation and tight monetary policy.
How each outlet framed it
- Premium Times Nigeria
- notes food inflation rose slightly to 19.59% while headline inflation fell, showing the food basket is still not easing
Sources: Premium Times Nigeria