Nigeria’s yearly inflation rose to 12.8% last month from 11.4% in February, even as growth projections of the economy remain gloomy.
Discover How To Make N500,000 to N1Million Per Month From Import Business. CLICK HERE For Details
According to the National Bureau of Statistics (NBS): “The higher price level was reflected in faster increases across all divisions,” adding that it is expecting inflation to end the year at 10.16%, which is above the apex bank’s upper limit target of 9%.
Transportation costs, the planting season, and foreign exchange movements created significant upward pressures on the Food index in March.
The Food index increased by 12.7%, up by 1.4 per cent points from rates recorded in February as all major food groups, which contribute to the food sub-index, increased at a faster pace.
Read more: NBS report
Make Money Online in Nigeria... Click HERE To Start Now!