Nigeria's Inflation Rises To 28.20% In November NBS

Nigeria's annual inflation rose to 28.20% in November from 27.33% in October, the National Bureau of Statistics has said

Nigeria's headline inflation rate rose to 28.20 per cent in November from 27.33 per cent in October 2023, the National Bureau of Statistics said in its November consumer price index report.

The figure presents the Eleventh times' hike in Nigeria's inflation headline inflation rates in 2023.

The November inflation rate showed an increase of 0.87 per cent points compared to the October 2023 headline inflation rate.

Nigeria's November NBS inflation increased to 28.20%.

According to the National Bureau of Statistics' November consumer price index report, Nigeria's headline inflation rate increased from 27.33 percent in October 2023 to 28.20 percent in November.

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The graph shows Nigeria's headline inflation rates for the eleventh time in 2023.

Compared to the headline inflation rate for October 2023, the inflation rate for November showed an increase of 0.87 percentage points.

The price increases of Bread and Cereals, Oil and Fat, Potatoes, Yam and Other Tubers, Fish, Fruit, Meat, Vegetables, Coffee, Tea, and Cocoa were the main causes of the annual increase in food inflation.