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Update 1: Nigeria’s April inflation accelerates to 12.34%, highest in 2yrs

…on back of lockdown, disrupted supply chains

Nigeria’s Consumer Prices Index (CPI), commonly known as inflation, accelerated by 12.34 percent in April 2020, marking the eighth-consecutive uptrend since September 2019 and the highest in two years, a BusinessDay analysis shows. Data from the April 2020 inflation report by the National Bureau of Statistics (NBS) released on Thursday show that inflation rose month-on-month…

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