The money controls presented by the Muhammadu Buhari organization, combined with fuel scarcity, have added to the expansion in the Consumer Price Index (CPI), which measures inflation, to 12.8 percent in March, contrasted with 11.4 percent in February and 9.6 percent in January, the National Bureau of Statistics (NBS) expressed on Tuesday.



It faulted the 1.4 percent ascent in the feature record on an expansion in the costs of merchandise and administrations the nation over, the most elevated year-on-year increase since July 2012.

The NBS expressed that the planting season, transportation costs, and also remote trade developments made huge upward weight on the nourishment record in March.

It further expressed that the thump on impact of remote trade developments, which have thus influenced the costs of imported nourishment and non-sustenance things, the importation of petrol and in addition the modification in the power duties across the nation brought about a surge of rates.

As indicated by the CPI figures for March discharged by the statistical office yesterday, food index expanded by 1.4 for each penny to 12.7 for every penny contrasted with what was recorded in February.

http://scarletnews.com/2016/04/13/buharis-administrations-policies-increase-inflation-in-nigeria/

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