The National Bureau of Statistics has said the Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities increased to 21.47 per cent year on year in November.
Truetells Nigeria reports that this is compared to 15.40 per cent in the corresponding month of 2021. In a statement on Thursday, the NBS explained that the 6.07 per cent increase in the headline index implies that the general price level was higher in the review month relative to November 2021.
According to the CPI report for November, month-on-month, however, the Headline inflation rate in was 1.39 per cent, which was 0.15 per cent higher than the 1.24 per cent recorded in October.
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