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Nigeria’s Inflation Rate Drops To 17.24 in April

inflation

Nigeria’s inflation rate fell again for the third consecutive month in April 2017 as food prices continue to surge.

Inflation in Africa’s most-populous nation slowed to 17.24 percent from 17.26 percent in March, the National Bureau of Statistics said on Tuesday.

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Consumer price index dropped by 0.02% year on year from 17.26% in March 2017 to 17.24% in April 2017 Month on month it dropped 0.12% to 1.60% in April 2017.

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