Nigeria’s inflation drops by 0.06 % in March – NBS

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The National Bureau of Statistics (NBS) said the country’s inflation measured by Consumer Price Index (CPI) in March was 0.06 per cent points lower than the rate recorded in February.

The NBS said this in its “CPI and Inflation Report’’ released on Tuesday in Abuja.

The bureau said the CPI which measures inflation decreased to 11.25 per cent (year-on-year) in March, 2019.

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According to the bureau, this is 0.06 per cent points lower than the rate recorded in February, 2019 (11.31) per cent.

It, however, said increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the Headline index.

Food prices push inflation rate higher by 0.16% in December – NBS

On month-on-month basis, the bureau said the Headline Index increased by 0.79 per cent in March 2019, this was 0.06 per cent rate higher than the rate recorded in February 2019 (0.73) per cent.

The Report said the percentage change in the average composite…



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