Nigeria’s inflation figures for April stood at 18.12 percent as against 18.17 percent recorded in March, the National Bureau of Statistics (NBS) said on Monday.
According to its data entitled: “Consumer Price Index Report April 2021”, the rate is 0.05 per cent lower that the 18.17 per cent recorded the previous month.
According to the document, “The Consumer Price (CPI), which measures inflation increased by 18.12 per cent (year -on-year) in April, 2021. This is 0.05 per cent points lower than the rate recorded in March 2021 (18.17) per cent’’.
The NBS noted that in the period under review, increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the Headline index.
Continuing, the data said: “The urban inflation rate increased by 18.68 per cent (year-on-year) in April 2021 from 18.76 per cent recorded in March 2021, while the rural inflation rate increased by 17.57 per cent in April 2021 from 17.60 per cent in March 2021.
“On a month-on-month basis, the urban index rose by 0.99 per cent in April 2021, down by 0.61 the rate recorded in March 2021(1.60), while the rural index also rose by 0.95 per cent in April 2021, down by 0.57 the rate that was recorded in March 2021 (1.52) per cent.”
