Skip to content
August 29, 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

About 57% of technology products procured by government and corporates in Nigeria are refurbished products sold as new – Leo Stan Ekeh
  • Business & Economy

About 57% of technology products procured by government and corporates in Nigeria are refurbished products sold as new – Leo Stan Ekeh

August 28, 2026
NLNG doubles down on commitment to deliver Train 7; gets Presidential commendation
  • Business & Economy

NLNG doubles down on commitment to deliver Train 7; gets Presidential commendation

August 27, 2026
NIGERIA FIRST POLICY: A major protection for creatively ambitious entrepreneurs — Leo Stan Ekeh
  • Business & Economy

NIGERIA FIRST POLICY: A major protection for creatively ambitious entrepreneurs — Leo Stan Ekeh

August 27, 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

Troops rescue 34 abductees, neutralise 21 terrorists in 1 week – DHQ onyeuko
  • National News

Troops rescue 34 abductees, neutralise 21 terrorists in 1 week – DHQ

August 28, 2026
Abuja quarry firm petitions Tinubu, ministers over 13-month shutdown
  • National News

Abuja quarry firm petitions Tinubu, ministers over 13-month shutdown

August 28, 2026
Nigeria’s Karibi-George wins Africa Top Model title
  • National News

Nigeria’s Karibi-George wins Africa Top Model title

August 28, 2026
WHO appoints 21 leading scientists to help shape future health breakthroughs programme
  • International News

WHO appoints 21 leading scientists to help shape future health breakthroughs

August 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.