Nigeria’s annual inflation dropped to 13.34 per cent in March, down from 14.33 per cent in February, the National Bureau of Statistics said on Thursday.
The annual inflation has now dropped for the 14th consecutive time, Dr Yemi Kale, Statistician General of the Federation/CEO Nigerian National Bureau of Statistics revealed.
A separate food price index showed inflation at 16.08 per cent, down from 17.59 per cent while and core inflation drops to 11.2 per cent from 11.7 per cent.
March 2017 inflation report published. Headline inflation drops for 14th consecutive time to 13.34% in March 2018, year on year from 14.33% in February. Food inflation drops to 16.08% from 17.59% and Core inflation drops to 11.2% from 11.7% pic.twitter.com/4vwVoHwDr9
— Dr Yemi Kale (@sgyemikale) April 12, 2018