Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Trump orders US naval blockade of Strait of Hormuz

    April 12, 2026 --- 9:00 pm

    Nigeria’s Democracy in danger as lawyers and courts violate Electoral Act- NBA

    April 12, 2026 --- 8:36 pm

    Unity Concert Re-awakens Christ-Consciousness in State governance- Gov’s Aide

    April 12, 2026 --- 6:59 pm
    Facebook X (Twitter) Instagram
    Trending
    • Trump orders US naval blockade of Strait of Hormuz
    • Nigeria’s Democracy in danger as lawyers and courts violate Electoral Act- NBA
    • Unity Concert Re-awakens Christ-Consciousness in State governance- Gov’s Aide
    • Birthdays: Eno celebrates two Akwa Ibom legal Icons
    • Idem advocates education that prioritises Skills for Nigerian Students
    • FG Inaugurates Technical Committee on $200b Gas, Power and Rail Projects
    • Ibom Deep Seaport development, not a sprint but a marathon- Gov Eno
    • Akwa Ibom Police Raid compound fronted as Church, arrest 7 suspects
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Contact Us
    • Sports
    Straightnews
    Home»News»Nigerian Inflation Leapt To 12.34% In April
    News

    Nigerian Inflation Leapt To 12.34% In April

    straightnewsng.comBy straightnewsng.comMay 22, 2020 --- 1:31 amNo Comments2 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Inflation
    Inflation
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    The inflation leapt by 0.08 per cent points higher than 12.26 per cent rate recorded in March 2020, National Bureau of Statistics, NBS, indicated in a monthly data report released on Thursday.

    On a month-on-month basis, the Headline index increased by 1.02 percent in April 2020. This is a 0.18 percent rate higher than the rate recorded in March 2020 (0.84 percent).

    The increases, according to the report, were recorded in all COICOP divisions that yielded the Headline index.

    The corresponding 12th-month year-on-year average percentage change for the urban index is 12.26 percent in April 2020. This is higher than 12.15 percent reported in March 2020, while the corresponding rural inflation rate in April 2020 is 11.20 percent compared to 11.14 percent recorded in March 2020.

    On a month-on-month basis, the urban index rose by 1.06 percent in April 2020, up by 0.18 from 0.88 percent recorded in March 2020, while the rural index also rose by 0.98 percent in April 2020, up by 0.18 from the rate recorded in March 2020 (0.80) percent.

    The percentage change in the average composite CPI for the 12-month period that ended April 2020 over the average of the CPI for the previous twelve months period was 11.71 percent, showing 0.09 percent point rise from 11.62 percent recorded in March 2020.

    The urban inflation rate increased by 13.01 percent (year-on-year) in April 2020 from 12.93 percent recorded in March 2020, while the rural inflation rate increased by 11.73 percent in April 2020 from 11.64 percent in March 2020.

    On a month-on-month basis, the food sub-index increased by 1.18 percent in April 2020, up by 0.24 percent points from 0.94 percent recorded in March 2020.

    This rise in the food index was caused by increases in prices of potatoes, yam and other tubers, bread and cereals, fish, oils and fats, meat, fruits and vegetables. The composite food index rose by 15.03 percent in April 2020 compared to 14.98 percent in March 2020.

    The average annual rate of change of the Food sub-index for the 12-month period ending April 2020 over the previous twelve-month average was 14.22 percent, 0.11 percent points from the average annual rate of change recorded in March 2020 (14.11) percent.

    On a month-on-month basis, the core sub-index increased by 0.93 percent in April 2020. This was up by 0.13 percent compared with 0.80 percent recorded in March 2020.

    bread and cereals COICOP Fish fruits inflation meat National Bureau of Statistics (NBS) oils and fats potatoes Vegetables yam and other tubers
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    Christ’s Death and Resurrection greatest triumph and Victory- Eno

    April 6, 2026 --- 4:52 pm

    ‘Let’s renew our faith in God and in our country,’ Akpabio Urges Nigerians

    April 5, 2026 --- 7:50 pm

    US Missionary Alex Barbir Reportedly Flees Nigeria

    April 4, 2026 --- 7:30 am

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    War

    Trump orders US naval blockade of Strait of Hormuz

    By straightnewsng.comApril 12, 2026 --- 9:00 pm0

    Agency Report President Donald Trump on Sunday ordered a US naval blockade of the Strait…

    Nigeria’s Democracy in danger as lawyers and courts violate Electoral Act- NBA

    April 12, 2026 --- 8:36 pm

    Unity Concert Re-awakens Christ-Consciousness in State governance- Gov’s Aide

    April 12, 2026 --- 6:59 pm

    Birthdays: Eno celebrates two Akwa Ibom legal Icons

    April 12, 2026 --- 6:12 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Trump orders US naval blockade of Strait of Hormuz
    • Nigeria’s Democracy in danger as lawyers and courts violate Electoral Act- NBA
    • Unity Concert Re-awakens Christ-Consciousness in State governance- Gov’s Aide
    • Birthdays: Eno celebrates two Akwa Ibom legal Icons
    • Idem advocates education that prioritises Skills for Nigerian Students
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.