Inflation rate rises to 33.69%

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Abuja, May 15, 2024 – Nigeria’s headline inflation rate rose to 33.69 per cent in April 2024 from 33.20 per cent in March 2024, according to the National Bureau of Statistics.

NBS gave the statistics in its latest report on consumer price index released in Abuja on Wednesday.

The latest figure represents represents an increase of 0.49 per cent over March inflation rate.

”In April 2024, the headline inflation rate increased to 33.69% relative to the March 2024 headline inflation rate which was 33.20 per cent.

Looking at the movement, the April 2024 headline rate showed an increase of 0.49% points when compared to the rate of March 2024,” the NBS reported.

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