Nigeria’s Inflation Drops To 12.48% In April – NBS

The inflation rate measured by the Consumer Price Index, CPI, has dropped from 13.34 per cent in March to 12.48 per cent in April, the National Bureau of Statistics says on Tuesday.

The bureau said this in the CPI report, made available to newsmen in Abuja.

In the report, the bureau said this was the 15th consecutive months that the inflation rate would be experiencing continuous decline.

The report reads in part, “The Consumer Price Index which measures inflation increased by 12.48 per cent (year-on-year) in April 2018.

“This is 0.86 per cent points less than the rate recorded in March 2018 (13.34) per cent and represents the fifteenth consecutive disinflation since January 2017.

“On a month-on-month basis, the Headline index increased by 0.83 per cent in April 2018, up by 0.01 per cent points from the rate recorded in March.”

Sign up for our Newsletter

Enter your email and stay on top of things,

Subscribe!