Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

UPDATE 1-Nigeria inflation falls to 13.3 pct in April

Published 05/15/2009, 02:33 PM
Updated 05/15/2009, 02:40 PM

(Adds details, paragraphs 3-4)

ABUJA, May 15 (Reuters) - Nigeria's consumer inflation fell to 13.3 percent year-on-year in April from 14.4 percent in March, the National Bureau of Statistics said on Friday.

Growth in food prices, which form the bulk of the inflation index basket, dipped to 15.3 percent year-on-year from 16.2 percent in March, the NBS said in its latest monthly report.

Inflation rose on a month-on-month basis, with the composite consumer price index up 0.6 percent to 197.4 points in April.

"The rise in the index was caused by an increase in the prices of staple foods like yam, meat, vegetables and potatoes," the agency said. (Reporting by Randy Fabi; Editing by James Dalgleish)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.