Akintunde Akinleye/Reuters
Nigeria's inflation surged to an 11-year high.
Consumer prices rose by 18.3% year-over-year in October, according to data from the central bank, accelerating from the previous month's rate of 17.9%.
This was the highest rate since October 2005, and the 12th consecutive month it accelerated. The rate was in line with the median Bloomberg estimate.
"Persistent above-target inflation will prompt the Central Bank of Nigeria to tighten monetary policy," argued John Ashbourne... Читать дальше...