Inflation & Prices
Nigerian Inflation at Almost 29-Year High Before Data Rejig
- Consumer prices rose 34.8% in December from 34.6% in November
- December data is last under current methodology before revamp
A point of sales operator processes counts cash during a transaction in Lagos.
Photographer: Damilola Onafumwa/BloombergThis article is for subscribers only.
Nigeria’s annual inflation rate climbed to a near 29-year high in December, before an overhaul of the data later this month that may lower the gauge.
Consumer prices rose 34.8%, compared with 34.6% in November, according to a statement published on the website of National Bureau of Statistics on Wednesday. The median estimate of three economists in a Bloomberg survey was 34.9%.