The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate rose to 33.69 per cent in April 2024.
The NBS made this known via its Consumer Price Index (CPI) report released on Wednesday, May 15, 2024.
It noted that the April headline inflation rate showed an increase of 0.49 per cent when compared to the March 2024 headline inflation rate.
“On a year-on-year basis, the headline inflation rate was 11.47 per cent points higher compared to the rate recorded in April 2023, which was 22.22 per cent,” the bureau said.
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