NBS: Inflation jumps to 12.34 per cent
he National Bureau of Statistics yesterday said that in April 2020, inflation increased by 12.34 per cent.
The report added that increases were recorded in all COICOP divisions that yielded the Headline index. According to the report, the percentage change in the average composite CPI for the 12 months period ending April 2020 over the average of the CPI for the previous 12 months period was 11.71 percent, showing 0.09 percent point rise from 11.62 percent recorded in March 2020.
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Nigeria’s inflation rates up 12.34% in April- NBSNigeria’s Consumer Price Index (CPI), which measures inflation rate, rose by 12.34 percent year-on-year in April from the 12.26 percent recorded in March. The CPI released on Thursday by the Nation…
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