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Reports | National Bureau of Statistics On a year-on-year basis, the Headline inflation rate was 6 55% points higher than the rate rec orded in October 2023 (27 33%) This shows that the Headline inflation rate (year-on-year basis) increased in October 2024 when compared to the same month in the preceding year (i e , October 2023)
Inflation rates in Nigeria - Worlddata. info For 2024, an inflation rate of 32 5% was calculated During the observation period from 1960 to 2024, the average inflation rate was 16 5% per year Overall, the price increase was 1 11 million percent An item that cost 100 nairas in 1960 costs 1 11 million nairas at the beginning of 2025 › Inflation rates in global comparison
Nigeria’s inflation rate rises to 34. 6% in November 2024, highest in 28 . . . According to the NBS, Nigeria recorded an inflation rate of 34 6% the highest so far in 2024 as Nigerians faced higher fuel and food prices On a month-on-month basis, the inflation rate rose by 2 638% when compared to the 2 640% recorded in October 2024
The inflation rate in Nigeria rose from 22. 41% in May 2023 to 34. 80% by . . . The inflation rate for May 2024 represented an increase of 11 54% points relative to May 2023 By December 2024, the inflation rate reached 34 80%, a slight rise from 34 60% in November 2024 This figure was 12 38% points greater than May 2023 and 5 87% points higher than December 2023
Macro Data Bulletin: Nigeria’s inflation rate climbs to 34. 19% in June 2024 Inflation rate review: Nigeria’s headline inflation rate rose to 34 19% in June 2024, 11 4 percentage points (ppt) higher than 22 79% in June 2023 This is the 18th consecutive monthly increase since January 2023 and the highest inflation rate in 28 years