This is 0.86% points higher than the rate of 14.89% recorded in November 2020.
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and insights.
On a m/m basis, the headline inflation index increased by 1.60% in November, 0.06ppt higher than October’s 1.54%.
This represents the highest inflation rate recorded in 34 months since January 2018
A roundtrip to Abuja has doubled to about N100k as airlines price devaluation in tickets.
Nigerians spent less on consumption expenditure in the first half of 2020 as Covid-19 hit income
The average fare paid by Nigerian commuters for a bus journey intra-city spiked by 68.82% from N190.86 recorded in October 2019 to N322.22 in October 2020
Food items across markets have experienced a spike in prices, making it impossible for one to find a decent meal for N100 today even in local...
Nigeria's inflation rate rose by 14.23% in October 2020 as against 13.71% recorded in September 2020
Investment banks are storing their value in deflationary currencies like cryptos which can be used to hedge inflation.
