Featured
Nigeria’s inflation rate rises to 33.69 per cent
Nigeria’s inflation has increased to 33.69 per cent in April from 33.20 per cent in March.
This was disclosed by the National Bureau of Statistics, NBS, in its latest consumer price index and inflation report released on Wednesday.
This shows that Nigeria’s inflation continued to jump since the commencement of President Bola Ahmed Tinubu’s administration in May last year.
Nigeria’s inflation rose in April to 33.69 per cent from 22.41 per cent in May last year
In January 2024, headline inflation was 29.9 per cent, 31.70 per cent in February, and 33.20 per cent in March.
ALSO READ : Leadership comes with challenges, Ortom tells Alia in birthday message
“Looking at the movement, the April 2024 headline inflation rate showed an increase of 0.49% points when compared to the March 2024 headline Nigeria’s inflation rate,” the NBS said.
“On a year-on-year basis, the headline Nigeria’s inflation rate was 11.47% points higher compared to the rate recorded in April 2023, which was 22.22%.”
-
Latest1 week agoPastor Chris Oyakhilome announces mother’s passing at 88 [VIDEO]
-
Football6 days agoHow David Beckham made $51.1m from 2026 World Cup, surpassing winners’ prize
-
Latest2 days agoUS Immigration fees rise from October 16 as USCIS announces new charges
-
Comments and Issues7 days agoFani-Kayode on Atiku: Separating claims from the record
-
Latest1 week agoHow adulterated palm oil, coloured pepper are putting consumers at risk
-
Crime1 week agoDeaths in NSCDC Custody: Can Nigeria guarantee the safety of detainees?
-
Health5 days agoCOVID-19 Hospital care under scrutiny as US Senate hears patient, family testimonies
-
Business5 days agoOpenAI shelves GPT-6.1 astra release over safety concerns