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By Paul Carsten
ABUJA, Dec 17 (Reuters) - Annual inflation in Nigeria rose
for the third straight month in November, marking the longest
run of increases in almost two years as prices climbed across
all categories measured by the statistics bureau.
In August, Nigeria closed parts of its borders to fight
smuggling of rice and other goods, a move which has exacerbated
inflation according to customers and economists. The head of
customs confirmed in October that all trade in goods via land
borders had been halted indefinitely. Annual inflation was 11.85% in November, up from 11.61% in
October, the National Bureau of Statistics said on Tuesday,
citing broad price increases.
That makes the three-month inflationary run the longest
since January 2017, and the highest rate since April 2018.
Consumer inflation had dropped to it lowest in almost four years
in August. A separate food price index showed annual inflation at
14.48% in November, compared with 14.09% a month earlier.