The National Bureau of statistics (NBS), says the Consumer Price Index (CPI), which measured inflation increased to eleven-point-two-eight per cent (year-on-year) in November from eleven-point-two-six per cent recorded in October.
The NBS disclosed this in its “CPI and Inflation Report’’ for November released in Abuja on Friday. According to the bureau, the figure is 0.02 per cent points higher than the rate recorded in October.
On a month-on-month basis, the NBS said the headline index increased by zero-point-zero-eight per cent in the period under review by zero-point-zero-six per cent points from the rate recorded in October, which was zero-point-seven-four per cent.
It said the percentage change in the average composite CPI for the twelve months period ended November over the average of CPI for the previous twelve months period. It, however, measured the CPI at twelve-point-four-one per cent in the period under review, showing a zero-point-three-seven per cent decline from twelve-point-seven-eight per cent recorded in October.