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Nigeria Inflation Rate Rises Again - NBS - Politics - Nairaland

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Nigeria Inflation Rate Rises Again - NBS by ogododo: 1:13pm On Dec 16
Nigeria’s annual inflation rate rose to 34.60 per cent in November from 33.88 per cent in October, the National Bureau of Statistics (NBS) said on Monday.

This marks a continuation of the upward trend observed from September, when the nation recorded a reversal of a two-month decline.

The statistics office said the November 2024 headline inflation rate showed an increase of 0.72 per cent points compared to the October 2024 headline inflation rate.

On a year-on-year basis, the NBS said the headline inflation rate was 6.40 per cent points higher than the rate recorded in November 2023 (28.20 per cent).


“This shows that the headline inflation rate (year-on-year basis) increased in November 2024 compared to the same month in the preceding year (i.e., November 2023).


“Furthermore, on a month-on-month basis, the headline inflation rate in November 2024 was 2.638 per cent, which was 0.002 per cent points lower than the rate recorded in October 2024 (2.640 per cent),” it said.

This, it said, means that in November 2024, the rate of increase in the average price level is slightly lower than the rate of increase in the average price level in October 2024.

According to the report, the Food inflation rate in November 2024 was 39.93 per cent on a year-on-year basis, 7.08 per cent points higher than the rate recorded in November 2023 (32.84 per cent).

https://www.premiumtimesng.com/business/business-news/761659-breaking-nigeria-inflation-rate-rises-again.html

1 Like

Re: Nigeria Inflation Rate Rises Again - NBS by SeverusSnape(m): 1:16pm On Dec 16
T-Pain on the beat.

26 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by Paraman: 1:17pm On Dec 16
The rate at which Inflation is rising is slowing down. A lot of work still needs to be done by the government

1 Like

Re: Nigeria Inflation Rate Rises Again - NBS by Ahmback(m): 1:52pm On Dec 16
Now feels like a daily routine; like it's normal

16 Likes 1 Share

Re: Nigeria Inflation Rate Rises Again - NBS by Sheuns(m): 1:55pm On Dec 16
Next year will be bloody.

19 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by ogododo: 3:12pm On Dec 16
Nawa Nlfpmod. Inflation come dey rise like apatese burukutu.
Re: Nigeria Inflation Rate Rises Again - NBS by DatNiggaDaz: 3:19pm On Dec 16
Tinubu & his parapo appointees have been exposed to the fact that education
or the so called deceitful word "sophisticatiion" is no intelligence, wisdom or success

They are all failures

cheesy

15 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by Racoon(m): 3:29pm On Dec 16
Yet the drug baron of a man and his hoardes of deadbeat mummified zombies kept obsessing this nation that the policies of the useless government are working or producing results.

33 Likes 2 Shares

Re: Nigeria Inflation Rate Rises Again - NBS by richmond500: 4:44pm On Dec 16
They said inflation will come down when we start refining.
Niw we are refining, what will they say next?

51 Likes 1 Share

Re: Nigeria Inflation Rate Rises Again - NBS by 43Ronin: 4:45pm On Dec 16
Oga
Re: Nigeria Inflation Rate Rises Again - NBS by Nawa4nl: 4:45pm On Dec 16
Why am I not surprised?

Running a successful drug cartel is not the same as running successfully a country.

The cocaine sniffing druglord is overwhelmed.

22 Likes 1 Share

Re: Nigeria Inflation Rate Rises Again - NBS by saintkel(m): 4:45pm On Dec 16
And we shouldn't blame Tinubu...I guess we should blame Buhari or Obi....seems d blame game has hit d rock bottom

8 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by BuharisBoy: 4:45pm On Dec 16
We hope to the fall of the Dollar and the rise of the naira, afterall Bulabula is a master strategist.
Re: Nigeria Inflation Rate Rises Again - NBS by OkCornel(m): 4:46pm On Dec 16
In Nigeria, inflation is like dry bones. It shall surely rise again grin

3 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by Houseofglam7(f): 4:46pm On Dec 16
There’s a reason 2025 begins with WTF
Re: Nigeria Inflation Rate Rises Again - NBS by JASONjnr(m): 4:46pm On Dec 16
At this point....

Tinubu will continue his regime and help us to restructure this country.....

Imagine having a state police and the tax bill reform and a regional government underway.

These are the baby steps he told us to endure and I am fully in support of his plans.


Every other thing will settle with time....
Re: Nigeria Inflation Rate Rises Again - NBS by Okiton: 4:46pm On Dec 16
wink

wahala

inflation don rise pass yarimo and co. them prick

3 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by Esthered: 4:46pm On Dec 16
How will 2025 be?
Re: Nigeria Inflation Rate Rises Again - NBS by Samajogs: 4:47pm On Dec 16
But I thought the economy is improving
Re: Nigeria Inflation Rate Rises Again - NBS by tuoyoojo(m): 4:47pm On Dec 16
Tilumbu is saying its baby steps of inflation

They would say it would get better tby 2027

When 2027 they would say they need 4 years more to complete what they started

If he wins( well I don't see anything stopping him with INEC), he would pat himself at the back and tell us how he took hard decision to improve Nigeria whether you see any improvement or not in 2031

6 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by lexy2014: 4:48pm On Dec 16
Samajogs:
But I thought the economy is improving

it is. IGR is improving and tinubu travelled to France
Re: Nigeria Inflation Rate Rises Again - NBS by transient123(m): 4:48pm On Dec 16
This isn't funny.

"Sane" will easily believe this stats so far is painted Nigeria black, but we tag it propaganda if it's a positive stats.
Re: Nigeria Inflation Rate Rises Again - NBS by Jovi10: 4:48pm On Dec 16
It has been up since the time of Buhari , it became terribly worse under our clueless and empty president Tinubu.

1 Like

Re: Nigeria Inflation Rate Rises Again - NBS by Hezzyluv: 4:48pm On Dec 16
Tinubu no just try for this sudden removal of fuel subsidy. From dey one this man assumed office, inflation no get joy again. And all of this was caused by sudden removal of fuel subsidy. undecided

2 Likes

Re: Nigeria Inflation Rate Rises Again - NBS by Felabrity: 4:49pm On Dec 16
It's over 100 percent

Tinubu too useless

1 Like

Re: Nigeria Inflation Rate Rises Again - NBS by Flame333: 4:49pm On Dec 16
Dumb azz slowpoke will sell you T-PAIN panacea..
Re: Nigeria Inflation Rate Rises Again - NBS by DeltaBachelor(m): 4:49pm On Dec 16
It is well with this country o. Anyways, if to japa is in your plans but you are having issues with passing IELTS, you can contact us on the number below (Serious candidates only please )
Re: Nigeria Inflation Rate Rises Again - NBS by dynicks(m): 4:49pm On Dec 16
Shebi dem swear for Nigeria like this so?....Abi Na bad thing say make Naija enjoy good governance?....wetin dey happen naw?

Why economy go just dey slide up and down a stripper pole Like a stripper?

1 Like

Re: Nigeria Inflation Rate Rises Again - NBS by ecomalchemistt(m): 4:49pm On Dec 16
Talk another thing abeg
Re: Nigeria Inflation Rate Rises Again - NBS by Treasure17(m): 4:50pm On Dec 16
Tinubu is not playing.
Re: Nigeria Inflation Rate Rises Again - NBS by kayperry: 4:50pm On Dec 16
Riddle, what goes up in Nigeria and never never come down

a. price b. cost c. amount d.int rate e. nepa bill

nigeria we hail thee 🤣

1 Like

Re: Nigeria Inflation Rate Rises Again - NBS by PlanetZero: 4:50pm On Dec 16
Useless people

1 Like

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