The Nigeria Bureau of Statistics (NBS) has disclosed that in April 2024, the headline inflation rate increased by 0.49% points to 33.69% from 33.20% in March 2024.
When compared year-over-year data, the rate of inflation in April 2024 was 11.47% greater than that of April 2023 (22.22%). This suggests that throughout the previous year, there has been a notable increase in the headline inflation rate.
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