Nigeria’s November inflation rate jumps to 32-month high on rising food cost

Nigeria’s December inflation rate quickens to 33-month high on rising food cost

Food inflation rose by 19.56 percent month-on-month compared to 18.30 percent in November 2020.

The consumer price index, (CPI) which measures inflation accelerated by 14.89 percent in November 2020, a 0.66 percent point increase from 14.23 percent in October 2020, marking the 15th-consecutive uptrend since September 2019 and the highest in 32 months, BusinessDay analysis shows. Data from t

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```