The inflation rate in Nigeria rose to 22.22 percent in April from the 22.04 percent recorded in March, marking the fourth consecutive month of growth.
This is in accordance with the National Bureau of Statistics’ Commodity Price Index data, which was released on Monday.
In comparison to March 2023, the headline inflation rate rose by 0.18 percentage points in April 2023.
Also, the annual headline inflation rate in May 2023 was 5.40 percentage points higher than the annual rate in April 2022 of 16.82 percent.
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