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

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  • 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.

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