Nigeria’s inflation rate which fell to about 8.6 per cent year-on-year (y-o-y) in March, from 9.5 per cent in February has reached its lowest and will begin to rise from the second quarter, finance experts have said.

The National Bureau of Statistics, NBS, in a report issued last week, said the Consumer Price Index, CPI, which measures inflation, rose by 8.6 per cent year-on-year in March. Relative to February, the report stated that relatively lower rise in the headline index could primarily attributable to base effects from March of 2012.

See details at: http://premiumtimesng.com/business/130887-finance-experts-say-nigerian-inflation-to-rise-in-second-quarter.html