Federal finance and statistics / National Bureau of Statistics

CPI and Inflation Report October 2024

Executive Summary In October 2024, the Headline inflation rate was 33.88% relative to the September 2024 headline inflation rate of 32.70%. Looking at the movement, the October 2024 Headline inflation rate in creased by 1.18% points compared to the September 2024 Headline inflation rate. On a year-on-year basis, the Headline inflation rate was 6.55% points higher than the rate rec orded in October 2023 (27.33%). This shows that the Headline inflation rate (year-on-year basis) increased in October 2024 when compared to the same month in the preceding year (i.e., October 2023). Furthermore, on a…