Buhari’s Economy: Inflation rate rises again, hits 18.17 per cent

The consumer price index, which measures the rate of increase in the price of goods and services, increased to 18.17 per cent in March from 17.33 in February.

This is according to the March 2021 consumer price index/inflation report by the National Bureau of Statistics (NBS).

NBS released the report on Thursday morning.

Food inflation also increased by 1.16 percent on a year-on-year basis from 21.79 percent in February to 22.95 in March.

The current inflation figures are the highest in four years, reports say.