Nigeria’s Inflation rises to 11.85% in November, 2019

The National Bureau of Statistics has released its CPI and Inflation Report for November 2019 which shows that Nigeria’s inflation increased to 11.85 percent in November 2019,

According to NBS, Nigeria gained 0.24 percent points higher than the rate recorded in October 2019 (11.61) percent.

On a month-on-month basis, the Headline index increased by 1.02 percent in November 2019, a 0.05 percent rate lower than the rate recorded in October 2019 (1.07) percent.

The percentage change in the average composite CPI for the twelve months period ending November 2019 over the average of the CPI for the previous twelve months period was 11.35 percent, representing a 0.05 percent point from 11.30 percent recorded in October 2019.