Nigeria’s inflation rate soars to 24.2%

 

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate edged up to 24.23 percent in March.

The NBS announced the increase in its consumer price index (CPI) for March on Tuesday.

The new rate indicates an upward movement from the 23.18 percent reported in February.

It also signals a return to levels (24.48 percent) recorded in the beginning of year following the CPI rebasing.

 

More to follow…

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