Written by Editor on December 19, 2017
For the tenth consecutive month, inflation rate continued a downward trajectory, recording a marginal decline from 15.91 per cent in October to 15.90 per cent in November.
The National Bureau of Statistics stated that the Consumer Price Index , which measures inflation increased by 15.90 per cent (year-on-year) in November, 0.01 percentage points lower than the rate recorded in October (15.91) per cent.
The tenth consecutive disinflation (slowdown in the inflation rate) though still positive in headline year-on-year inflation since January 2017 increases were recorded in all
On a month-on-month basis, the Headline index increased by 0.78 per cent in November 2017, 0.02 per cent points higher from the rate of 0.76 per cent recorded in October.
This represents the first rise in month-on- month inflation following five consecutive months on month contraction in headline inflation since May 2017.