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Nigeria’s inflation rises from 33.20% to 33.69% in April – NBS

The National Bureau of Statistics, NBS on Wednesday, reported that Nigeria’s headline inflation rate increased from 33.20 per cent recorded in March, to 33.69 per cent in April 2024.

 

The data represents a month-over-month increase of 0.49 per cent points in the headline inflation rate, according to the Consumer Price Index report.

Comparing year-on-year data, the inflation rate in April 2024 was 11.47 percentage points higher than in April 2023, where it stood at 22.22 per cent. This indicates that the headline inflation rate has risen significantly over the past year.

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Michel ADESEWA
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