Nigeria’s inflation show 18-month high at 11.85%

inflation

Nigeria’s inflation in November 2019 settled at 11.85%, the highest since May 2018 when the numbers showed up at 11.61%. The inflation figure also rose 0.24 percent points higher than the rate recorded in October.

The National Bureau of Statistics (NBS) indicated this in its Consumer Price Index (CPI) report Tuesday morning.

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Both food and and core inflation all moved up to 14.48% and 8.99% respectively.

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Onyinye Nwachukwu

Onyinye Nwachukwu is the Abuja Bureau Chief of BusinessDay, overseeing coverage across Abuja and Northern Nigeria. With more than two decades of experience in economic and financial journalism, she reports on business, policy, and market trends, linking local developments to the global economy. A fellow of the International Monetary Fund (IMF) and recipient of the P. Vishwanathan Memorial Award for Excellence in Financial Journalism, she is known for her insightful storytelling and interviews with senior policymakers, diplomats, and business leaders. Well traveled and globally minded, Onyinye brings depth and international perspective to her reporting.