The National Bureau of Statistics (NBS) said headline inflation rate hit 32.70% in September 2024, relative to the August 2024 headline inflation rate of 32.15%.
The statistics agency disclosed this in statement published on its website on Tuesday.
It said the September 2024 Headline inflation rate showed an increase of 0.55% compared to the August 2024 Headline inflation rate.
On a year-on-year basis, the NBS said headline inflation rate was 5.98% points higher compared to the rate recorded in September 2023 (26.72%).
It showed that headline inflation rate (year-on year basis) increased in September 2024 when compared to September 2023.
Furthermore, on a month-on-month basis, the headline inflation rate in September 2024 was 2.52%, which was 0.30% higher than the rate recorded in August 2024 (2.22%).
This means that in September 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in August 2024.
On a year-on-year basis, the urban inflation rate was 35.13% in September 2024.
It was 6.46% points higher compared to the 28.68% recorded in September 2023.
On a month-on- month basis, the urban inflation rate was 2.67% in September 2024, 0.28% points higher compared to August 2024 (2.39%).
The corresponding twelve-month average for the urban inflation rate was 33.95% in September 2024, 9.84% points higher compared to the 24.10% reported in September 2023.
The NBS also disclosed that rural inflation rate during the period in review was 30.49% on a year-on-year basis, 5.55% higher compared to the 24.94% recorded in September 2023.
On a month-on-month basis, the rural inflation rate during the period was 2.39%, up by 0.33% points compared to August 2024 (2.06%).
The corresponding twelve-month average for the rural inflation rate during the period was 29.76%, up by 7.97% compared to the 21.79% recorded in September 2023.
