nbs inflation report

  1. Nigeria’s Inflation Hits 34.6% in November as Food Prices Soar

    Nigeria Nigeria’s Inflation Hits 34.6% in November as Food Prices Soar

    Nigeria's inflation rate surged to 34.6% in November 2024, driven by rising food prices, including yam, rice, and maize. The National Bureau of Statistics reported food inflation at 39.93%, with Bauchi, Kebbi, and Anambra recording the highest rates. Regional disparities highlight varying...
  2. Nigeria’s Inflation Climbs to 33.88% in October 2024

    Nigeria Nigeria’s Inflation Climbs to 33.88% in October 2024

    Nigeria’s inflation rate soared to 33.88% in October 2024, up from 32.70% in September, according to the NBS. Food inflation also jumped to 39.16%, driven by rising costs of staples like rice and yams. The economic pressure sparks concerns, with citizens calling for urgent fiscal reforms...
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