The recent statistics by the National Bureau of Statistics (NBS) revealed, said the inflation rate rose to 15.92 percent in March 2022, representing a 0.22 percent point rise when compared to 15.7 per cent recorded in February 2022. The Bureau also said that the composite food index rose year-on-year (YoY) by 0.09 percent points to 17.20 percent in March 2022 from 17.11 per cent in February 2022.
In its Consumer Price index (CPI), the bureau said the rise in the food index was due to increases in prices of bread and cereals, food product, potatoes, yam and other tubers, fish, meat, oils,…
Source: All Africa
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