Insecurity: Nigerians angry with political leaders – Kaigama


The National Bureau of Statistics (NBS) said the country’s inflation rate rose to 15.92% in March 2022.
According to a report by the NBS, in March 2022 the Consumer Price Index (CPI), which measures inflation, rose to 15.92% year-on-year.
“This is 2.25% less than the 18.17% recorded in March 2021.
“This means that the headline inflation rate slowed in March 2022 compared to the same month a year earlier,” the NBS said.
He further said that on a monthly basis, the overall index rose to 1.74% in March 2022, 0.11% higher than the rate of 1.63% recorded in February 2022.
“The percentage change in the average composite CPI for the 12-month period ending March 2022, compared to the average period of the previous 12 months is 16.54%.
“This shows a 0.19% decrease in points from the 16.73% recorded in February 2022,” the NBS added.
The agency also said the urban inflation rate rose to 16.44% year-on-year in March 2022, posting a decline of 2.32% from the 18.76% recorded in March 2021.
“In the same vein, rural inflation rose to 15.42% in March 2022 with a decline of 2.18% from the 17.60% recorded in March 2021,” he said.
The NBS, however, said the month-over-month urban index rose to 1.76% in March 2022.
“This increased by 0.11% compared to the 1.65% recorded in February 2022.
“The rural index rose to 1.73% in March 2022, with an increase of 0.12% compared to 1.61% recorded in February 2022,” he said.

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