Nigeria’s Inflation Accelerates 34.60% in November from 33.88% in October 2024

Image Credit: m.economictimes.com

December 16, 2024/InvestmentOne Update

  • Headline inflation rate rose to 34.60% y/y in November 2024 vs. 33.88% y/y in October 2024.
  • Likewise, food inflation rate increased to 39.93% y/y in November 2024 vs. 39.16% y/y in October 2024.
  • Elsewhere, core inflation rate edged higher to 28.75% y/y in November 2024 vs. 28.37% y/y in October 2024.

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