x

Inflation hits 21.47 percent in November – NBS

Inflation rate rose from 21.09% in October to 21.47% in November 2022, according to the National Bureau of Statistics (NBS).
In its document titled: ” CPI and Inflation Report November 2022,” on Thursday, the Bureau said headline inflation rate in November 2022 was 1.39%.

The document explained that it was 0.14% higher than the 1.24% rate recorded in October 2021.

NBS said: “In November 2022, on a year–on- year basis, the headline inflation rate was 21.47%.”
According to NBS, this was 6.07% points higher compared to the rate recorded in November 2021, which was 15.40%.

The document said this means that in the month of November 2022, the general price level was 6.07% higher relative to November 2021.

“On a month-on-month basis, the Headline inflation rate in November 2022 was 1.39%, this was 0.15% higher than the rate recorded in October 2022 (1.24%),” it said.
The document added that this means that in the month of November 2022, the general price level was 0.15% higher relative to October 2022.

NBS said the percentage change in the average CPI for the twelve months period ending November 2022 over the average of the CPI for the previous twelve months period was 18.37%, showing a 1.39% increase compared to 16.98% recorded in November 2021.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Army promises tough time for oil bunkerers in A’Ibom

By Ogenyi Ogenyi, Uyo The Nigerian Army has said that...

Corrupt Politicians Hiding Stolen Funds in Virtual Assets- EFCC

By Ogenyi Ogenyi, Uyo The Economic and Financial Crimes Commission...

10th NASS Constitution Review: Banana peels to watch 

By Patrick Wemambu From the nooks and crannies of Nigeria,...

Bandits Ambush Police Near Nasarawa-Benue Border, Kill Civilian, Injure Officer

Suspected bandits have ambushed a police patrol team near...

10th NASS Constitution Review: Banana peels to watch 

By Patrick Wemambu From the nooks and crannies of Nigeria,...

ADC Denies Coup Allegation, Reaffirms Commitment to Democratic Process

The African Democratic Congress (ADC) has dismissed claims that...

2027 Presidency: I Won’t Back Any Northern Candidate – Ortom Declares

Former Benue State Governor, Samuel Ortom, has said he...
spot_img

Related Articles

Popular Categories

spot_imgspot_img