Lagos - Driven by higher food prices, the annual consumer price index inflation in April grew to 7.9 percent compared to the 7.8 percent in March according to the National Bureau of Statistics (NBS)
The figure is, however, within the Central Bank of Nigeria’s target rate of 6 to 9 percent in 2014, reports BusinessDay.
According to NBS, food prices rose to 9.66 percent in April as against the 9.1 percent in March. Prices of bread, cereals, milk, fish, dairy, oils and fats, and fruits classes rose slightly in the month of April.
Read more at BusinessDay.
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