Nigeria’s inflation rate rises again

Nigeria’s inflation rate climbed to 34.6% in November 2024, marking a slight increase from the 33.8% recorded in October, according to the latest report by the National Bureau of Statistics (NBS).

The NBS disclosed this in its Consumer Price Index (CPI) report published on Monday, noting that the 0.72% rise underscores persistent economic pressures affecting households and businesses across the country.

The report highlights the ongoing challenges of rising costs in essential goods and services, as Nigerians continue to grapple with the impact of inflation on their daily lives. Further details on the drivers behind the uptick are expected in subsequent analyses from the bureau.

Details later…