The National Bureau of Statistics (NBS) is expected to publicly share Nigeria's inflation figure for November between Sunday and Monday.

The NBS usually releases its monthly consumer price index and inflation data on the 15th day of the preceding month.

The country's inflation rose to 33.88% in October 2024, with food inflation also rising to 39.16%.

Nigeria's inflation rise coincides with the Central Bank of Nigeria's (CBN) monetary policy interventions.

CBN consistently had a hike in interest rates with rising inflation as justification.

The most recent hike was in November, when the apex bank's 297th Monetary Policy Committee decided to raise the country’s interest rate to 27.50 percent from 27.25 percent.

In spite of the apex bank's monetary interventions, the prices of goods and services are still high, affecting the cost of living for Nigerians.