• Friday, July 19, 2024
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BusinessDay

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.

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

…Details soon