Nigerian Inflation Surges More Than Expected to 18-Year High

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Nigeria’s inflation rate jumped to a more than 18-year high on rising energy and food prices, increasing the odds of a rate hike this month.

jumped to a more than 18-year high on rising energy and food prices, increasing the odds of a rate hike this month.

Consumer prices climbed an annual 25.8% in August, compared with 24.1% the previous month, according to data published on the National Bureau of Statistics’ website on Friday. That’s the highest level since August 2005 and above the 25% median estimate of eight economists in a

 

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