Home Business Nigeria’s Consumer price index drops to 17% in March

Nigeria’s Consumer price index drops to 17% in March

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Image result for Nigeria's Consumer Price IndexNigeria’s Consumer Price Index which measures inflation declined by zero point five two percent in March, easing from seventeen point seven eight percent in February to seventeen point two six percent.

This is the second consecutive month of a decline in the headline inflation on a year-on-year basis, representing the effects of stabilizing prices in already high food and non-food items.

Some major divisions responsible for the pace of headline index are Housing, Water, Electricity, Gas and Other Fuel,Food and Beverages and Transportation.

On a month-on-month basis, the Headline index increased by 1.72 percent in March.

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