Nigeria: Higher Consumer Prices Push Inflation to 11.44%

17 January 2019

Abuja — The Consumer Price Index (CPI), which measures inflation increased to 11.44 per cent (year-on-year) in December 2018 compared to 11.28 per cent in the preceding month, according to the National Bureau of Statistics (NBS).

It stated that the 0.16 per cent points increase from November estimates resulted from increases recorded in all the divisions that constitute the headline index.

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