Inflation Drops To 13.34 Per Cent

Inflation Drops To 13.34 Per Cent

 Nigeria’s inflation rate measured by the Consumer Price Index (CPI) dropped from 14.33 in February to 13.34 per cent in March year-on-year, the National Bureau of Statistics (NBS) CPI report for March has shown.

It stated in the CPI report released yesterday in Abuja that the figure showed 14 consecutive reductions in inflation rate since January 2017.

However, in another survey report titled ‘Conflict In Nigeria And Food Insecurity In Conflict-Affected Areas’, the NBS noted that conflicts involving Boko Haram, herdsmen and pirates across the Northeast, Northcentral, and Southsouth between 2010-2017 significantly contributed to food insecurity.

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