Nigeria’s inflation rate rose to 34.60 percent in November from 33.88 percent in October,2024.
The National Bureau of Statistics (NBS) disclosed this in its latest Consumer Price Index and Inflation for November.
The report showed that the country’s headline or all-items inflation increased by 0.72 percent on a month-on-month basis.
Also, Nigeria’s inflation increased by 6.40 percent compared to 28.20 percent recorded in November 2023.
The rise in prices of food items pushed food inflation to 39.93 percent in November from 39.19 percent in October.
The report also showed that urban and rural inflation stood at 37.10 percent and 32.27 percent, respectively.
