Inflation rate in Nigeria has further dropped from 15.98 per cent in September to 15.91percent in October

This statistics was released by the National Bureau of Statistics(NBS) on Wednesday.

The Consumer Price Index measures inflation with the index dropping year-on-year from 15.98 per cent in September to 15.91 per cent in October.

The bureau in the report said this is the ninth consecutive month since January this year that the index would be slowing down.

The report said food index increased by 20.31 percent year-on-year in October, down marginally by 0.01 percent points from the 20.32 per cent recorded in September.