Chicken market
Nigeria’s inflation has risen for the 15th consecutive month to 14.89 per cent in November this year, from 14.23 per cent in October.
According to a report released last Tuesday by the National Bureau of Statistics (NBS), there was a spike in food inflation to 18.30 per cent last month from 17.38 per cent in October, while core inflation declined to 11.05 per cent.
The NBS attributed the rise in the food index to increases in prices of major food commodities, including potatoes, yam and other tubers, as well as fruits and vegetables.
“Core inflation, which excludes the prices of volatile agricultural produce, stood at 11.05 per cent last month, down by 0.09 per cent compared with 11.14 per cent in October.
Chicken market
Nigeria’s inflation has risen for the 15th consecutive month to 14.89 per cent in November this year, from 14.23 per cent in October.
According to a report released last Tuesday by the National Bureau of Statistics (NBS), there was a spike in food inflation to 18.30 per cent last month from 17.38 per cent in October, while core inflation declined to 11.05 per cent.
The NBS attributed the rise in the food index to increases in prices of major food commodities, including potatoes, yam and other tubers, as well as fruits and vegetables.
“Core inflation, which excludes the prices of volatile agricultural produce, stood at 11.05 per cent last month, down by 0.09 per cent compared with 11.14 per cent in October.