Nigeria’s Inflation Rate Hits 22.22% In April

The Consumer Price Index, which is used to measure the changes in the prices of goods, increased to 22.22% in April, OduNews reports.

The CPI stood at 22.04% in the previous month as the prices of goods continue to skyrocket.

The inflation rate data is contained in the latest CPI report released on Monday by the National Bureau of Statistics (NBS).

The April increase comes across as the fourth consecutive surge in the country’s inflation figure since the year began.