Inflation in Nigeria decreased to 15.40% in November: NBS

Headline inflation decreased by 0.59 per cent to 15.40 per cent in November, the Statistician-General of the Federation, Simon Harry, says.

Mr Harry, who announced this on Wednesday during a media conference, stated that the rebasing of the nation’s economy would take place in 2022 after completing the National Agricultural Sample Census (NASC).

Headline inflation is the total inflation in an economy, including inflation in “a basket of goods that includes commodities like food and energy.”

The NBS noted that there had been a consistent decrease in the…