Inflation Rebounds in April to 11.37%

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James Emejo in Abuja

The Consumer Price Index (CPI) which measures inflation rose to 11.37 per cent year-on-year in April compared to 11.25 per cent in March, according to the National Bureau of Statistics (NBS).

Food inflation stood at 13.70 per cent in April from 13.45 per cent in the preceding month.

According to the CPI figures for April which was released by the NBS Wednesday, core inflation stood at 9.30 per cent compared 9.50 per cent in the preceding month.

Details later…