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Inflation Rates (Percent)



Month September October November
All Items (Year on Change) 11.30 11.70 12.30
All Items (12 Months Avg. Change) 11.90 11.90 12.10
Food (Year on Change)/1 10.20 11.10 11.60
Food (12 Months Avg. Change)/1 11.10 11.20 11.40
All Items Less Farm Produce (Year on Change)/2 13.10 12.40 13.10
All Items Less Farm Produce (12 Months Avg. Change)/2 13.50 13.50 13.60
All Items Less Farm Produce and Energy (Year on Change)/3 12.20 11.40 12.30
All Items Less Farm Produce and Energy (12 Months Avg. Change)/3 12.90 12.90 13.00
New base period for Consumer Price Indices is November 2009
Year on change in per cent is year-on-year or annualized inflation rate
Computation of the 12-month average change is based on 12-month moving average
/1 Food inflation rate is also called the non-core inflation
/2 All items less farm produce is otherwise known as core inflation
/3 All items less farm produce and energy is another type of core inflation
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Facts : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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