Increase in prices of food as well as hike in prices of other commodities in the economy pushed the Composite Consumer Price Index (CPI), which measures inflation to 12.1 per cent year-on-year in March as against 11.9 per cent in February.
Headline inflation had declined to 11.9 per cent in February from 12.6 per cent in January, yielding credence to Central Bank of Nigeria (CBN)'s monetary control mechanisms. But that relief was only transient as it jumped 0.2 per cent to 12.1 per cent in the month under review.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article