Nigeria’s inflation rate hits 34.60%
16 December 2024 |
11:31 am
Nigeria’s annual inflation rate rose to 34.60 per cent in November from 33.88 per cent in October, the National Bureau of Statistics (NBS) said on Monday. This continues the upward trend from the month of September, when the nation recorded a reversal of a two-month decline. NBS said the November 2024 headline inflation rate…
Nigeria’s annual inflation rate rose to 34.60 per cent in November from 33.88 per cent in October, the National Bureau of Statistics (NBS) said on Monday.
This continues the upward trend from the month of September, when the nation recorded a reversal of a two-month decline.
NBS said the November 2024 headline inflation rate showed an increase of 0.72 per cent points compared to the October 2024 headline inflation rate
According to the report, the Food inflation rate in November 2024 was 39.93 per cent on a year-on-year basis, 7.08 per cent points higher than the rate recorded in November 2023 (32.84 per cent).
Details later…
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