May 15 (Lagos) - Annual inflation for April 2019, released by the Nigerian Bureau of Statistics this morning, shows inflation rose to 11.37% y/y.
Headline Inflation increased to 11.37% y/y (0.12% higher than 11.25% y/y in March 2019)
The food sub-index rose to 13.70% y/y from 13.45% y/y in March 2019, while the All items less farm produce sub-index dropped to 9.30% y/y from 9.50% y/y in March 2019.
Consumer Price Index (CPI) which measures inflation grew by 0.94% m/m (0.15% higher than what was recorded in March 2019 of 0.79% m/m)
reporting for easykobo.com on Wednesday, May 15 2019 from Lagos, Nigeria