Nigeria's inflation rate rose for the third straight month in November, advancing to 34.60% in annual terms from 33.88% in October, data from the statistics agency showed on Monday. The uptick in inflation,

The NBS attributed the rise in the inflation rate in November 2024 to the Food inflation rate, which was 39.93 per cent on a year-on-year basis, indicating 7.08 percentage points higher than the 32.84 per cent recorded in November 2023.

Nigeria's inflation hits 34.6%, with food prices soaring, impacting households across the nation amid economic strain.

Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians. This is according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation for November.

Breaking down the figures, the NBS revealed that urban inflation rose significantly, hitting 37.10% in November 2024 on a year-on-year basis.

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.

Nigeria's inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians.

Nigeria's inflation rate increased to 34.6% in November 2024, up from 33.8% in October, according to the National Bureau of Statistics (NBS).

Food inflation up again as Nigerians approach christmas week! NBS reports higher prices of grains and tubers, palm oil among others, is pushing food inflation higher

The naira appreciated against the dollar at the official market to kick off the week on a good note. FMDQ data showed that the naira strengthened to N1545.10 per dollar on Monday from N1549.50 exchanged last Friday,

Nigeria’s annual inflation rate climbed to 34.60% in November, up from 33.88% in October, according to data released by the National Bureau of Statistics (NBS) on Monday. ・Nigeria's annual inflation rate rose to 34.