Nigeria's inflation rate rose for the third straight month in November, advancing to 34.60% in annual terms from 33.88% in October, data from the statistics agency showed on Monday.

The NBS attributed the rise in the inflation rate in November 2024 to the Food inflation rate, which was 39.93 per cent on a year-on-year basis, indicating 7.08 percentage points higher than the 32.84 per cent recorded in November 2023.

The naira appreciated against the dollar at the official market to kick off the week on a good note. FMDQ data showed that the naira strengthened to N1545.10 per dollar on Monday from N1549.50 exchanged last Friday,

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Nigeria’s annual inflation rate climbed to 34.60% in November, up from 33.88% in October, according to data released by the National Bureau of Statistics (NBS) on Monday. ・Nigeria's annual inflation rate rose to 34.

Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians. This is according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation for November.