Skip to content
September 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Inflation jumped by 11.85% in November 2019 — NBS
  • Business & Economy

Inflation jumped by 11.85% in November 2019 — NBS

Admin December 17, 2019
total value of trade

NBS logo

NBS logo

The National Bureau of Statistics (NBS) said inflation increased by 11.85 per cent year on year in November 2019.

The NBS made this known in ITS Consumer Price Index (CPI) and Inflation report for November released on Tuesday.

The bureau said the development was 0.24 per cent points higher than the rate recorded in October 2019 which was 11.61 per cent.

It explained that the increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the headline index.

The NBS said in month-on-month basis, the headline index increased by 1.02 per cent in November 2019, adding that it was 0.05 per cent rate lower than the rate recorded in October 2019 which was 1.07 per cent.

The bureau said that the percentage change in the average composite CPI for the twelve months period ending November 2019 over the average of the CPI for the previous twelve months period was 11.35 per cent.

According to the NBS, the figure represents 0.05 per cent point from 11.30 per cent recorded in October 2019.

The NBS report indicated that food sub-index within the period under review rose by 14.48 per cent year-on-year and 1.25 per cent month on month basis.

It further explained that the highest increase recorded was on bread and cereal, fish, meat, potato, yam and other tubers as well as oil and fats.

The bureau said urban index in November 2019 rose by 12.47 per cent year-on-year and 1.07 per cent month-on- month, while rural index increased by 11.30 per and 0.98 per cent year-on-year and month-on-month respectively.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Inflation ITS Consumer Price Index (CPI) National Bureau of Statistics (NBS) November

Post navigation

Previous Two brothers jailed 57 years for plot to bomb plane
Next Malami cannot wash his hands of Sowore’s detention – Falana

Related Stories

Tinubu boosts remote working for Nigerian professionals, backs $500m Itana innovation project
  • Business & Economy

Tinubu boosts remote working for Nigerian professionals, backs $500m Itana innovation project

September 17, 2026
Payment ​‌‌‌⁠‍‍⁠⁠‌⁠​‌⁠‍‌⁠‌‌​technology firms partner for retail access to Dangote Refinery IPO
  • Business & Economy
  • National News

Payment ​‌‌‌⁠‍‍⁠⁠‌⁠​‌⁠‍‌⁠‌‌​technology firms partner for retail access to Dangote Refinery IPO

September 17, 2026
Anambra Debt: Beyond the Politics of Numbers, Where Is the March 2014 Figure? – By Prof. Chiwuike Uba
  • Business & Economy

Anambra Debt: Beyond the Politics of Numbers, Where Is the March 2014 Figure? – By Prof. Chiwuike Uba

September 17, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police Neutralise Armed Robber, Rescue Six Kidnap Victims, Recover Weapons in Nationwide  Ekiti abductors
  • National News

Police Neutralise Armed Robber, Rescue Six Kidnap Victims, Recover Weapons in Nationwide 

September 18, 2026
Port Police prosecute 20 suspects over stowaway cases, others Police
  • National News

Port Police prosecute 20 suspects over stowaway cases, others

September 18, 2026
Interior Minister Orders Transparent Probe into Death of 37 Alleged Illegal Miners Tunji Ojo
  • National News

Interior Minister Orders Transparent Probe into Death of 37 Alleged Illegal Miners

September 18, 2026
Mambila Power Project: Tinubu excited as Nigeria wins $680m settlement suit in Paris
  • Crime and Justice

Mambila Power Project: Tinubu excited as Nigeria wins $680m settlement suit in Paris

September 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.