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Nigeria's inflation rate rose to 11.37% in April from 11.25% recorded in March 2019, the National Bureau of Statistics (NBS) has said.
The Bureau, in its “CPI and Inflation Report’’ for April 2019 released in Abuja on Wednesday, said the figure was 0.12% points higher than the rate recorded in March 2019 (11.25%)
According to NBS, the percentage change in the average composite CPI for the twelve months period ending April 2019 over the average of the CPI for the previous twelve months period was 11.31%, showing 0.09% point from 11.40% recorded in March 2019.
The consumer price index (CPI) examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care in an economy.
By Aderemi Ojekunle.
Full story at Pulse NG.
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