₦airaland Forum

Nigeria’s headline inflation rate rose to 27.33%, marking an increase from the September 2023 rate of 26.72%.

The October 2023 headline inflation rate represents a 0.61 % point increase compared to the figure for the previous month of September.

Additionally, on a year-on-year basis, the headline inflation rate was 6.24% points higher than the rate recorded in October 2022, which stood at 21.09%.

This indicates a growth in the headline inflation rate (year-on-year basis) in October 2023 compared to the corresponding month of 2022.

YinkaOlusesi16:
NO MATTER WHAT, ME AND MY FAMILY GO SURVIVE. I NO FEAR ATALL

Nemere2020:
https://nairametrics.com/2023/11/15/nigerias-inflation-continues-upward-trend-rises-to-27-33-for-october/

YinkaOlusesi16:
NO MATTER WHAT, ME AND MY FAMILY GO SURVIVE. I NO FEAR ATALL

EtinosaDLaw:
May Nigeria's worsening inflation favour me and my family!!

erutoria:
Baba God na your hand we dey o

There are three basic ways to reduce the threat of Dutch disease: (1) slowing the appreciation of the real exchange rate, (2) boosting the competitiveness of the adversely affected sectors, and (3) demographic adaptation. One approach is to withhold the boom revenues, that is, not to bring all the revenues into the country all at once, and to save some of the revenues abroad in special funds and bring them in slowly. In developing countries, this can be politically difficult as there is often pressure to spend the boom revenues immediately to alleviate poverty, but this ignores broader macroeconomic implications.