Nigerian inflation rises to 11.85% in November

(Last Updated On: December 17, 2019)

Nigerian inflation rises to 11.85% in November

By Emmanuel Elebeke

The consumer price index, which measures inflation increased by 11.85 per cent in November 2019. The figure is 0.24 per cent points higher than (11.61) per cent, the rate recorded in October 2019.

According to the National Bureau of Statistics report published on its website on Tuesday, increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the Headline index.

According to the report, the Headline index increased by 1.02 per cent in November 2019, On a month-on-month basis, indicating 0.05 per cent rate lower than the rate recorded in October 2019 (1.07) per cent.

Continue reading Nigerian inflation rises to 11.85% in November at Vanguard News.

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