Nigeria Inflation Rate at Nearly 2-Year High


Consumer prices in Nigeria rose 8.7 percent year-on-year in April of 2015, up from 8.5 percent in the previous month and the highest increase since July of 2013, mainly driven by food cost.

All subindexes increased at a faster pace than in March except for prices of recreation and culture and communication. Food cost accounted for the most of increase and recorded the highest rate (9.5 percent from 9.4 percent in March). Additional upward pressure came from housing and utilities (6.9 percent), clothing and footwear (8.8 percent) and transport (7.8 percent). 

On a monthly basis, consumer prices rose 0.8 percent compared to 0.9 percent in March. 

Nigeria Inflation Rate at Nearly 2-Year High


NBS | Joana Taborda | joana.taborda@tradingeconomics.com
5/14/2015 6:02:41 PM