Nigeria Inflation At Highest in Almost Three Years on Food Costs

(Bloomberg) -- Nigerian inflation quickened to an almost three-year high in November as dollar shortages, insecurity in farming areas and supply bottlenecks stoked food prices.

Consumer prices rose 14.9% from a year earlier, compared with 14.2% in October, the Abuja-based National Bureau of Statistics said Tuesday in a report published on its website. That matched the median estimate of three economists surveyed by Bloomberg. Costs increased 1.6% in the month.

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