Nigeria’s Inflation Rate Drops To 12.48% In April

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The Consumer Price Index (CPI) which measures inflation, increased by 12.48 percent (year-on-year) in April 2018.

This is 0.86 percent points less than the rate recorded in March 2018 (13.34) percent and represents the fifteenth consecutive disinflation since January 2017.

On a month-on-month basis, the Headline index increased by 0.83 percent in April 2018, up by 0.01 percent points from the rate recorded in March.

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