INFLATION rises to 11.85%   


Dec 17 (Lagos) - Headline Inflation rose to 11.85% y/y (0.24% higher than 11.61% y/y in October 2019)


The food sub-index rose for a third consecutive month, to 14.48% y/y from 14.09% y/y in October 2019, while the All items less farm produce sub-index increased to 8.99% y/y from 8.88% y/y in October 2019.


Consumer Price Index (CPI) which measures inflation grew by 1.02% m/m (a drop of -0.05% from what was recorded in October 2019 of 1.07% m/m)




reporting for easykobo.com on Tuesday, Dec 17 2019 from Lagos, Nigeria
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