Nigeria’s inflation rose to 12.34 percent year on year in April, according to data released Thursday by the National Bureau of Statistics (NBS).

The consumer price index, which measures the inflation rate in the country, was 0.08 percentage point higher compared to the 12.26 percent recorded in March.

On a month-on-month basis, the headline index increased by 1.02 percent in April, and this was 0.18 percentage point higher than the rate recorded in March, which was 0.84 percent.

The composite food index rose by 15.03 percent in April, compared to 14.98 percent in March, according to the NBS.

The report said that the rise in the food index was caused by increases in the prices of potato, yam, and other tubers, as well as bread and cereal, fish, oil and fat, meat, fruit, and vegetable. Enditem

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

For Latest Updates Follow us on Google News
Previous articleChina’s investment in science, technology spurs development – Potipher Tembo
Next articleAfCFTA is biggest achievement of AU yet – Vladimir Antwi-Danso
Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.


Please enter your comment!
Please enter your name here