Bread, gas push Nigeria’s inflation to eight-month high

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Nigeria’s inflation accelerated to an eight-month high in April as the cost of gas and food items such as bread and cereals climbed on the back of surging global commodity prices.

Annual food inflation accelerated to 18.4% from 17.2% in March. The surge sent the headline rate to 16.8%, according to data released by the National Bureau of Statistics’ website yesterday.

 

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