Nigeria: Minimum Wage, Others to Trigger Rise in Inflation Rate - Analysts

17 April 2019

Analysts in the financial sector have projected that the signing of the new minimum wage bill, a hike in energy tariffs and ongoing planting season would trigger a rise in monthly inflation rate in April, May and June this year even as inflation rate for March 2019 slowed down to 11.25 percent.

National Bureau of Statistics (NBS), yesterday, in its Consumer Price Index (CPI) report for March disclosed that the CPI which measures inflation dipped by 0.06 percent to 11.25 percent year-on-year (YoY) in March 2019 from 11.31 percent in February.

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