Nigeria’s annual inflation rate rose to 34.60 per cent in November from 33.88 per cent in October, the National Bureau of Statistics (NBS) said on Monday.
This marks a continuation of the upward trend observed from September, when the nation recorded a reversal of a two-month decline.
The statistics office said the November 2024 headline inflation rate showed an increase of 0.72 per cent points compared to the October 2024 headline inflation rate.
On a year-on-year basis, the NBS said the headline inflation rate was 6.40 per cent points higher than the rate recorded in November 2023 (28.20 per cent).
