Nigeria’s Inflation Quickens to 16.82% in April on Fuel Costs
By Sahabi Abdul
Nigeria’s annual inflation quickened to 16.82 percent in April as the impact of higher fuel costs translated into higher prices, according to data released by the National Bureau of Statistics.
All the indices that make up the consumer price index showed increases during the period under review, with the food index, the biggest driver of price pressures, increasing to 18.37 percent from 17.20 in the previous month.
After declining steadily for eight months from the peak of 18.17 percent reached in March last year, the annual inflaton figures have now increased for the fifth straight month.