Headline inflation sustains spike in November

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Brand Spur
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rice July Headline Inflation Rate Jumpsto 12.82% as Food Prices Rise…
A vendor arranges bags of rice at the Wuse market in Abuja, Nigeria May 15, 2018. REUTERS/Afolabi Sotunde
Inflation figures for November 2019 released by the National Bureau of Statistics (NBS). Headline inflation advanced by 25 bps to 11.85%, primarily driven by the rise in food inflation.
  • Food inflation rose by 39 bps to print 14.48% YoY (October 2019: 14.09% YoY)
  • Core inflation advanced by 12 bps to 8.99 % YoY (October 2019: 8.87% YoY)
  • Urban inflation rose by 27 bps to 12.47% YoY. Similarly, Rural inflation climbed by 22 bps 11.30% YoY

Kindly click the link for the full report from the NBS.