Tuesday, December 17,
2019 08:30AM / NBS/ Header Image Credit: NBS
All Item Index
The consumer price index, (CPI) which measures inflation
increased by 11.85 percent (year-on-year) in November2019. This is 0.24 percent
points higher than the rate recorded in October 2019 (11.61) percent.
Increases were recorded in all COICOP divisions that yielded the
Headline index.
On month-on-month basis, the Headline index increased by 1.02
percent in November 2019, this is 0.05 percent rate lower than the rate
recorded in October 2019 (1.07) percent.
The percentage change in the average composite CPI for the
twelve months period ending November 2019 over the average of the CPI for the
previous twelve months period was 11.35 percent, representing a 0.05 percent
point from 11.30 percent recorded in October 2019.
The urban inflation rate increased by 12.47 percent
(year-on-year) in November 2019 from 12.20 percent recorded in October 2019,
while the rural inflation rate increased by 11.30 percent in November 2019 from
11.07 percent in October 2019.
On a month-on-month basis, the urban index rose by 1.07 percent
in November 2019, down by 0.08 from 1.15 percent recorded in October 2019,
while the rural index also rose by 0.98 0 percent in November 2019, down by
0.01 from the rate recorded in October 2019 (0.99) percent.
The corresponding twelve-month year-on-year average percentage
change for the urban index is 11.75 percent in November 2019. This is higher
than 11.68 percent reported in October 2019, while the corresponding rural
inflation rate in November 2019 is 10.98 percent compared to 10.95 percent
recorded in October 2019.

Food Index
The composite food index rose by 14.48 percent in November 2019
compared to 14.09 percent in October 2019.
This rise in the food index was caused by increases in prices of
Bread, Cereals, Oils and fats, Meat, Potatoes, Yam and other tubers, and Fish.
On month-on-month basis, the food sub-index increased by 1.25
percent in November 2019, down by 0.08 percent points from 1.33 percent
recorded in October 2019.
The average annual rate of change of the Food sub-index for the
twelve-month period ending November 2019 over the previous twelve-month average
was 13.65 percent, 0.11 percent points from the average annual rate of
change recorded in October 2019 (13.54) percent.

All Items Less Farm Produce
The "All items less farm produce" or Core inflation, which
excludes the prices of volatile agricultural produce stood at 8.99
percent in November 2019, up by 0.11 percent when compared with 8.88 percent
recorded in October 2019.
On month-on-month basis, the core sub-index increased by 0.79
percent in November 2019. This was up by 0.05 percent when compared with 0.74
percent recorded in October 2019.
The highest increases were recorded in prices of Cleaning,
Repair and hire of clothing, Hospital services, Hairdressing saloons and
personal grooming establishment, Glassware, tableware and household utensils,
Vehicle spare parts, Repair and hire of footwear, Shoes and other footwear,
Clothing materials, other articles of clothing and clothing accessories,
Medical services and Passenger transport by air.
The average 12-month annual rate of change of the index was 9.19
percent for the twelve-month period ending November 2019; this is 0.06 percent
points lower than 9.25 percent recorded in October 2019.
State Profiles
In analysing price movements under this section, note that the
CPI is weighted by consumption expenditure patterns which differ across states.
Accordingly, the weight assigned to a particular food or non-food item may
differ from state to state making interstate comparisons of consumption basket
inadvisable and potentially misleading.
All Items Inflation
In November 2019, all items inflation on year on year basis was
highest in Kebbi (15.40%), Sokoto (14.58%) and Niger (14.15%), while Imo
(10.43%), Abuja (10.30%) and Kwara (9.70%) recorded the slowest rise in
headline Year on Year inflation.
On month on month basis however, November 2019 all items
inflation was highest in Ebonyi (2.20%), Bayelsa (2.48%) and Niger (2.39%),
while Abuja, Adamawa, Bauchi, Benue and Ondo recorded price deflation or
negative inflation (general decrease in the general price level of food or a
negative food inflation rate).
Food Inflation
In November 2019, food inflation on a year on year basis was
highest in Sokoto (18.77%), Kebbi (18.08%) and Ekiti (17.18%), while Katsina
(12.61%), Bayelsa (12.50%) and Bauchi (12.44%) recorded the slowest rise.
On month on month basis however, November 2019 food inflation
was highest in Kwara (2.92%), Sokoto (2.72%) and Bayelsa and Edo (2.66%), while
Nasarawa (0.31%) recorded the slowest rise with Lagos and Ondo recording price
deflation or negative inflation (general decrease in the general price level of
food or a negative food inflation rate).
Click Here to Download
November 2019 CPI PDF Report
Latest 2019 NBS Reports

Q4 2019
- Nigeria's Merchandise Trade Grew In Q3 2019 With Higher Exports And
Lower Imports
- NBS Publishes 2019 Corruption in Nigeria Survey Report
- NBS Publishes 2019 General Household Panel Survey Report
- Banking Sector Records 800.21m Volume Of Transaction In Q3 2019 -
NBS
- N275.12bn Generated As VAT In Q3 2019 - NBS
- Pension Fund Asset Under Management Stood At N9.58trn As At Q3 2019
- NBS
- Total Value Of Capital Imported Into Nigeria In Q3 2019 Stood At
$5,367.56m
- Nigeria's GDP
Grew By 2.28% YoY In Real Terms In Q3 2019
- Average Price of 1kg of Rice
Increased By 2.55% YoY to N382.57 in October 2019 - NBS
- Average Fare For Intercity
Journey Increased By 0.59% To N1,636.86 MoM in October 2019 - NBS
- Average Prices
Of PMS, AGO, HHK and Cooking Gas - October 2019
- Headline
Inflation Increases By 11.61% YoY In October 2019; 0.36% Higher Than
September 2019 Rate
- 5.09bn
Litres of PMS Imported Into Nigeria in Q3 2019 - NBS
- FAAC Disburses N693.52bn in October 2019 - NBS
- FAAC Disburses N740.87bn in September 2019 - NBS
- Nigeria's Total Public Debt Stood At N25.70trn in Q2 2019 - NBS
- Average Price of 1kg of Rice Increased By 4.07% MoM to N371.13 in
September 2019 - NBS
- Average Fare
For Intercity Journey Increased By 0.15% MoM in September 2019 - NBS
- Average Prices Of PMS, AGO, HHK and Cooking Gas - September 2019
- GDP By Income and Expenditure Approach Q1 2019 - Household Final
Consumption Exp. Grew by 1.41%
- Headline Inflation Increases By 11.24% YoY In September 2019; 0.22%
Higher Than August 2019 Rate
- N691.11bn Generated As IGR in H1 2019
- All Products Terms Of Trade Index Increased By 1.27% in Q2 2019

Q3 2019
- Banking Sector Records 711.29m Volume Of Transactions in Q2 2019 -
NBS
- FAAC Disburses N769.53bn in August 2019 - NBS
- 1.57m Candidates Sat For WAEC In Public Schools in 2018 - NBS
- Average Price Of 1kg of Rice Increases By 0.14% MoM To N356.61 In
August 2019
- Average Fare Paid For Intercity Journey Increases By 0.35% MoM To
N1,624.76 In August 2019
- Average Prices Of PMS, AGO, HHK and Cooking Gas - August 2019
- Headline Inflation Increases By 11.02% YoY In August 2019; 0.06%
Lower Than July 2019 Rate
- Merchandise Trade Increased Significantly YoY But Marginally Over Q1
2019, Driven By Higher Imports
- Active Voice Subscribers Grew By 0.18% In Q2 2019 - NBS
- Total Value Of Capital Importation Stood At $5,820.21m In Q2 2019 -
NBS
- Nigeria's GDP Grew By 1.94% YoY In Real Terms In Q2 2019 - NBS
- FAAC
Disburses N762.6bn in July 2019 - NBS
- FAAC
Disburses N679.7bn in June 2019 - NBS
- N311.94bn
Generated As VAT in Q2 2019 - NBS
- Average
Fare Paid By Commuters For Intercity Journey Increased By 0.76% MoM in
July 2019
- Average
Prices of 1kg of Tomato Decreased YoY By -39.74% to N203.55 in July 2019 -
NBS
- Average
Prices of PMS, AGO, HHK and Cooking Gas - July 2019
- Headline Inflation Increases By 11.08% YoY in July 2019; 0.14% Lower
Than June 2019 Rate
- 5.61bn
Litres of PMS Imported into Nigeria in Q2 2019 - NBS
- Average Fare Paid For Bus Journey Inter City Increased By 0.17% MoM
to N1,606.92 in June 2019 - NBS
- Average Price of 1kg of Tomatoes Decreased By -9.40% MoM to N226.07
in June 2019 - NBS
- Nigeria's Total Public Debt Stood At N24.97trn in Q1 2019 - NBS
- Average
Prices of PMS, AGO, HHK and Cooking Gas - June 2019
- Headline Inflation Increases By 11.22% YoY in June 2019; 0.18% Lower
Than May 2019 Rate
- 1.01m
Passport Applications Received in 2018 - NBS
- FAAC Disburses N616.20bn in May 2019 - NBS
- Total Value of Capital Importation into Nigeria Stood at $8,485.49m
in Q1 2019

Q2 2019
- All Commodity Group Export Price Index Rose By 1.85% In Q1 2019
- Average Price of 1kg of Rice Increased By 1.07% MoM to N361.39 in
May 2019 - NBS
- Average Prices of PMS, AGO, HHK and Cooking Gas - May 2019
- Headline Inflation Increases By 11.40% YoY in May 2019; 0.03% Higher
Than April 2019 Rate
- 8.57m Workers Are Registered Under The Pension Scheme As At Q1 2019
- NBS
- Nigeria's Merchandise Trade Grew Marginally By 2.50% QoQ in Q1 2019
- Banking
Sector Records 557.08m Volume of Transactions in Q1 2019 - NBS
- 723,995
Passengers Travelled Via Rail in Q1 2019 - NBS
- NBS Publishes Additional 11 States Nominal GDP From 2013 to 2017
- N289.04bn
Generated as VAT in Q1 2019 - NBS
- 4.87bn
Litres of PMS Imported in Q1 2019 - NBS
- FAAC Disburses N617.57bn in April 2019 - NBS
- Average Price of 1kg of Tomato Increased by
7.05% MoM to N257.25 in April 2019 - NBS
- Average Fare For Bus Journey Intercity Increased
By 0.77% MoM to N1604.36 in April 2019 - NBS
- Nigeria's GDP Grew By 2.01% YoY In Real Terms In
Q1 2019
- Headline Inflation Increases By 11.37% YoY in
April 2019; 0.12% Higher Than March 2019 Rate
- Average Prices of PMS, AGO, HHK and Cooking Gas - April 2019
- N3.42m Students Enrolled in Public Senior
Secondary School in 2017 - NBS
- N324.59bn Generated as IGR in Q4 2018 - NBS
- Akwa Ibom State Reports
Highest Unemployment Rate of 37.7% in Q3 2018 - NBS
- 316,365kg of Drug Seized in
2018 - NBS
- Average Price of 1kg of
Tomato Decreased By 6.32% MoM to N240.29 in March 2019 - NBS
- Average Fare Paid By
Commuters Intercity Increased By 2.85% MoM to N1,592.07 in March 2019 -
NBS
- Headline Inflation Increases By 11.25% YoY in
March 2019; 0.06% Lower Than February 2019 Rate
- Average Prices of PMS, AGO, HHK and Cooking Gas - March 2019
- FAAC Disburses N619.86bn in March 2019
- Domestic Passenger Traffic Grew By 23.19% YoY in
2018 - NBS
- Lagos State Has The Highest Debt Profile in 2018
- NBS
- 1.65m Applications Received By JAMB in 2018 -
NBS
- FAAC Disburses N660.37bn in February 2019
- Nigeria Produced 55.81m Tonnes of Solid Minerals
in 2018 - NBS

Q1 2019
- 8.41m Workers Are Registered Under The Pension
Scheme As At Q42018 - NBS
- Average Price of 1kg of Yam Tuber Decreased By
-2.24% MoM to N206.48 in February 2019 - NBS
- All Region Terms of Trade Fell -2.78% Due to a
Fall in the Prices of Goods Traded in Africa - NBS
- Average Fare Paid By Commuters Within City
Increased By 1.43% MoM to N177.57 in February 2019 - NBS
- Headline Inflation Increases By 11.31% YoY in
February 2019; 0.06% Lower Than January 2019 Rate
- Average Prices of PMS, AGO, HHK and Cooking Gas - February 2019
- Active Voice Subscribers Grew By 6.66% in Q4
2018 - NBS
- 2,532 Road Traffic Crashes Occurred in Q4 2018 -
NBS
- Total Trade Declined By 5.1% QoQ in Q4 2018;
Rose By 42.9% YoY
- GDP By Income and Expenditure
Approach Q1 and Q2 2018 - Household Final Consumption Grew by 0.78%
- 1.67m Customers Metered As At Q4
2018 - NBS
- N298.01bn Generated as VAT in Q4 2018 - NBS
- Total Value of Credit Allocated
By Banks Stood At N15.13trn As At Q4 2018 - NBS
- Average Price of 1kg of Tomato Decreased By 2.39% YoY
To N265.49 in January 2019 - NBS
- FAAC Disburses N649.19bn in
January 2019
- Average Intercity Bus Fare
Decreased By -13.90% MoM To N1,541.38 in January 2019
- Headline Inflation Increases By 11.37% YoY in January
2019; 0.07% Lower Than December 2018 Rate
- Average Prices of PMS, AGO, HHK
and Cooking Gas - January 2019
- Total Value of Capital
Importation into Nigeria Stood at $16,812.47m in 2018 - NBS
- Nigeria's GDP Grew By 2.38% YoY
in Real Terms in Q4 2018 and 1.93% in Full Year
- 828,502 Employees Employed By
1,110 Registered Private Guard Companies in 2018 - NBS
- States Generate N264.38bn as IGR
in Q3 2018 - NBS
- NBS Publishes Drug Use in
Nigeria 2018 Survey Report
- FAAC Disburses N3.19trn To FG in
2018 - NBS
- FAAC Disburses N2.38trn To FG in
2017 - NBS
- FAAC Disburses N812.76bn in
December 2018 - NBS
- Average Price of 1kg of Tomato
Decreased By -7.76% MoM To N294.36
- Average Within City Bus Journey
Fare Decreased By -5.64% MoM To N181.61
- Headline Inflation Increases By
11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate
- Average Prices of PMS, AGO, HHK
and Cooking Gas - December 2018