Nigeria’s inflation rate hits 22% in March, highest in 18 years

Nigeria’s inflation rate hits 22% in March, highest in 18 years

Nigeria’s headline inflation rose to 22.04 percent year-on-year in March, the highest rate seen since September 2005. According to the National Bureau of Statistics, NBS, latest report represents an increase of 0.13 percent when compared to 21.91 percent February 2023 headline inflation rate. At the subnational level, “The inflation rate on a year-on-year basis was…

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