
More Trouble For Nigeria As Inflation Rate Hits 18.17%
Nigeria’s economic woes are far from over as the National Bureau of Statistics (NBS), yesterday announced that the inflation rate has risen to 18.17 percent in March 2021.
The new rate is 0.82 percent higher than the 17.33 per rate it was as at February 2021.
Its data titled: ‘Consumer Price Index March 2021(Base Period December 2009=100)’.
According to the document said: ‘The consumer price index, (CPI) which measures inflation increased by18.17percent (year-on-year) in March 2021.
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‘This is 0.82 percent points higher than the rate recorded in …