BREAKING: Nigeria’s inflation rises to 15.69% in April

Nigeria’s consumer price inflation jumped to 15.69 % in April 2024, up from 15.37 % in March, marking the highest rate since the index was introduced in 1996. The rise was driven by higher food prices, especially staples like rice, beans and wheat, as well as increased costs for transport and electricity. The surge adds pressure on households and complicates the Central Bank of Nigeria’s effort to curb inflation while managing monetary policy. Views Nigeria