Inflation in Africa’s most populous country soared to 16.8 percent in April, driven by fuel price increases and accelerating costs for food, including bread and cereals, newly released data from Nigeria’s National Bureau of Statistics (NBS) has shown.
Annual food inflation rose to 18.4 percent from 17.2 percent in March, sending the headline rate to 16.8 percent, the highest in eight months, according to the data released on Monday.
