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2025-12-15 21:43:09
[Nigeria's November Inflation Rate Slows to Lowest Level Since 2020] ⑴ Nigeria's annual inflation rate slowed to 14.45% in November, the most moderate level since October 2020, marking the eighth consecutive month of slowing price growth. ⑵ Food inflation, the largest component of the inflation basket, continued to decline, falling to 11.08% with the help of the ongoing harvest season, down from 13.12% in October. ⑶ On a month-on-month basis, the Consumer Price Index (CPI) rose 1.22% in November, the largest increase in four months, compared to a 0.93% increase in the previous month.
