Nigeria’s headline inflation rate continued its upward trajectory in April, rising by 0.90% to 16.82% Y-o-Y. In the same vein, food and core inflation rose to historical highs, settling at 18.37% Y-o-Y and 14.18% respectively. On a month-on-month basis, however, headline inflation increased by modest 2bps from 1.74% to 1.76%.
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