News Echo

  • +23481-2435-0783
  • news@newsecho.com.ng
Search
Close
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
NewsInsider
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
NewsInsider
Home National

Nigeria’s inflation rate hits 14.89% in November – NBS

News Echo by News Echo
December 16, 2020
in National
0
Nigeria’s inflation rate hits 14.89% in November – NBS
0
SHARES
18
VIEWS
Share on FacebookShare on Twitter

The consumer price index which measures inflation increased by 14.89 per cent (year-on-year) in November 2020.
The National Bureau of Statistics disclosed in its Consumer Price Index November 2020 report on Tuesday.
It said this is 0.66 percentage points higher than the rate recorded in October 2020 (14.23 per cent).

The percentage change in the average composite CPI for the 12 months period ending November 2020 over the average of the CPI for the previous 12 months period was 12.92 per cent, representing a 0.26 percentage point increase over 12.66 per cent recorded in October 2020.

On a month-on-month basis, the urban index rose by 1.65 per cent in November 2020, up by 0.05, from 1.60 per cent recorded in October 2020, while the rural index also rose by 1.56 per cent in November 2020, up by 0.08 from 1.48 per cent recorded in October 2020.

The urban inflation rate increased by 15.47 per cent (year-on-year) in November 2020 from 14.81 per cent recorded in October 2020, while the rural inflation rate increased by 14.33 per cent in November 2020 from 13.68 per cent in October 2020.

On month-on-month basis, the Headline index increased by 1.60 per cent in November 2020.
This is 0.06 percentage points higher than the rate recorded in October 2020 (1.54 per cent).
Increases were recorded in all COICOP divisions that yielded the Headline index.

News Echo

News Echo

We’re Impartial And Independent, And Every Day We Create Distinctive, World-Class News Content Which Inform, Educate And Entertain Millions Of People In Nigeria And Around The World.We Care About Quality Content. We Never Wanted To Be A Big Publishing House: Our Team Is Small, But It’s A Truly Wonderful Team Of People Who Really Care About What They Do. Passionate And Dedicated. Honest And Respectful. Professional But Informal.

Facebook Twitter Instagram
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023

Related Posts

Sen. Uba engages Chinese ambassador on ease of business, visas for Ndi Anambra South

Sen. Uba engages Chinese ambassador on ease of business, visas for Ndi Anambra South

June 9, 2023
46 NIS officers promoted as Comptroller charges them on professionalism

46 NIS officers promoted as Comptroller charges them on professionalism

June 9, 2023
newinsider frontpage
NEWSINSIDER MAGAZINE

Copyright @2023 – NewsEcho All Right Reserved.

  • About
  • Advertise
  • Privacy & Policy
  • Contact