Search

Nigeria’s Inflation Hits 34.6% in November Amid Year-End Price Surge

Allen dreyfus Logo
© Allen Dreyfus
  • Headline inflation climbs to 34.6% as food prices drive pressure
  • Manufacturers struggle with high borrowing costs and weak consumer demand

Abuja, Nigeria – Nigeria’s annual inflation rate rose to 34.6% in November, up from 33.88% in October, fuelled by a seasonal uptick in prices tied to year-end activities, according to data released Monday by the National Bureau of Statistics.

Recent Business

Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Nigeria oil hopes fade as Ghana and Kenya face mounting war-driven inflation
Read More »
A bustling outdoor market in Africa with people engaged in trade and colorful textiles. Photo by Mad Knoxx Deluxe @ Pexels.
Rates hike in Botswana: why the real economic problem isn't inflation
Read More »
Reserve Bank Governor Lesetja Kganyago. Photo @ Facebook/Reserve Bank of SA
South Africa’s reform gains face global debt storm and escalating Middle East conflict
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Could Uganda’s sovereignty law become Africa’s next democratic flashpoint?
Read More »
The Prime Minister of India, Shri Narendra Modi visiting Sri Venkateswara Swamy Temple. Photo @ Wikimedia Commons
India’s Horn of Africa strategy has shifted: what it’s trying to do and how it could work
Read More »
Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Treason case lays bare Nigeria’s hidden power struggles under Tinubu
Read More »

Latest Posts

Latest news insights