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Inflation Rate In Nigeria Increases To 33.69% In April
Inflation Rate In Nigeria Increases To 33.69% In April
Nigeria’s headline inflation rate rose from 33.20 percent in March to 33.69 percent in April 2024, according to a new report by the National Bureau of Statistics (NBS)….read also Just In: CBN Governor Signals Continuation Of High Interest Rates Until Inflation Subsides (Details)
This reflects a month-over-month increase of 0.49 percentage points. On a year-over-year basis, the inflation rate in April 2024 was 11.47 percentage points higher than the 22.22 percent recorded in April 2023, showing a significant rise in the headline inflation rate over the past year.
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