Inflation rate rises to 11 61 nbs

It seems like you're referring to the latest inflation rate data. According to the National Bureau of Statistics (NBS), the inflation rate in Nigeria has risen to 11.61% as of [insert date].

This means that the general price level of goods and services in the country has increased by 11.61% compared to the same period last year. This is a significant increase from the previous month's rate of [insert previous rate].

The main drivers of this increase are likely to be the rising costs of food, housing, and transportation, as well as the effects of the ongoing economic challenges in the country.

It's worth noting that the Central Bank of Nigeria (CBN) has a target inflation rate of 6% to 9% for 2023, and the current rate is above this target range. This may lead to further monetary policy actions by the CBN to curb inflation and stabilize the economy.

What would you like to know more about regarding this inflation rate update?