Nigeria’s headline inflation rose to 34.60 per cent in November, as reported by the National Bureau of Statistics (NBS). According to the bureau’s report, this figure represents an increase of 0.72 percentage points from the 33.88 per cent recorded in October 2024. When compared year-on-year, the headline inflation rate is 6.40 percentage points higher than…
Rising costs for food and fuel have driven Nigeria’s inflation rate to 33.88 per cent in October 2024, an increase from the previous month’s rate of 32.70 per cent. The National Bureau of Statistics, NBS, announced this information on Friday in its report on the Consumer Price Index and Inflation for October 2024. Analyzing the…
Nigeria’s inflation rate experienced an increase to 32.7 per cent in September, marking a departure from two consecutive months of decline, where it stood at 32.15% in August. This uptick was primarily influenced by a rise in Month-on-Month Food Inflation, which escalated to 2.64% from the previous 2.37%. The National Bureau of Statistics (NBS) reported…
