Inflation rises by 11.28% year on year in November

Figures from the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report show Nigeria’s inflation rose by 11.28% year on year in November 2018. This is 0.02% higher than the 11.26% recorded in October 2018.

Here are highlights of the report

States with the highest year on year increase 

Rivers state had the highest  increase in all items inflation on a year on year basis for the month of November at 13.09%. Taraba state was next with a 12.99% increase year on year. Ekiti state takes third place with a 12.70% increase year on year.

States with the slowest year on year increase

Cross River had the slowest rise in all items inflation year on year, up by 8.72%. Next was Kwara which rose by 8.74% year on year. Ogun state rounds up the top three with a 9.52% increase year on year.

Food inflation

Edo state had the highest increase year on year in food inflation, at 16.52%. Imo state was next with 15.40% year on year increase. Bayelsa state rounds up the top three with a 15.36% increase year on year.

On the flip side, Oyo state had the slowest year on year increase at 10.84%, Abia was next at 11.24% and Kogi state third place at 11.50%.