Inflation in Nigeria up by 13.7 percent

Nigeria's inflation in April rose to 13.7 percent as against 12.8 percent in March, the National Bureau of Statistics (NBS) said Monday.

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According to NBS report, electricity rates, kerosene prices, the impact of higher fuel prices and vehicle spare parts were the largest contributors to inflation during the month.

inflation-300x188.jpgAccording to the report, the food sub-index increased by 13.2 percent in April, up by 0.4 percentage points from rates recorded in March.

It added that all major food groups which contribute to the food sub-index increased

Source: Xinhua

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