Prices paid by Nigerians for goods and services have slowed for the first time in two years last month, beating analysts’ expectations.
Inflation has been accelerating since September 2019.
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From a month earlier, headline inflation, Nigeria’s consumer price index, which measures the rate of increase in the price of goods and services rose in April to 18.12 percent from 18.17 percent in March 2021, according to a tweet by Yemi Kale, statistician general of Nigeria’s National Bureau of Statistics on Monday.
Food inflation, the main driver of Nigeria’s headline inflation declined to 22.72 percent in April from 22.95percent the month before.
