City in Nigeria

Nigeria Inflation November 2021

Nigeria: Inflation continues downward trend in October

Consumer prices rose 1.08% in November, up from October’s 0.98% increase. The uptick was driven by stronger price increases for food, and housing water, electricity, gas and other fuel. On the other hand, prices for clothing and footwear rose at a softer pace over the prior month-

Inflation continued its downward path and came in at a 12-month low of 15.4% in November from 16.0% in October. The trend was stable, however: Annual average inflation came in at October’s 17.0% in November. Lastly, core inflation, which excludes volatile agricultural produce, rose to an over four-and-a-half-year high of 13.9% in November (October: 13.2%).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest