The Consumer Price Index (CPI) which measures inflation rose further to 13.7 per cent in April compared to 12.8 per cent in March and 11.4 per cent in February, the National Bureau of Statistics (NBS) stated monday.

It blamed the 0.9 per cent rise in the headline index on the lingering structural constraints which had continued to manifest in electricity rates and kerosene prices.

The NBS said the impact of higher prices in petrol and vehicle spare parts contributed significantly to the core sub-index in April.
“These items as well as other imported items continued to have ripple effects across many divisions that contribute to the core. The index increased by 13.4 per cent in March, roughly 1.2 per cent points from rates recorded in March,” it stated.

The food index increased by 13.2 per cent in April, up by 0.4 per cent from rates recorded in March as all major food groups which contribute to the food sub- index increased at a faster pace driven by higher food prices in fish, bread and cereals, and vegetables groups, the NBS further noted.

Read more@www.nairausd.com/2016/05/higher-electricity-tariffs-fuel-prices.

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May God help us

ifyan:
May God help us

God has given us resources to help our self, our partisanship is our problem. Lack of one voice to fight for what is good for us all.

It is sad that the hike in fuel prices will push it up further... the lower class in Nigeria will be killed off soon.

I tire

And this is just the beginning

And all this things happening now is caused by buhari and apc...

Fuel hike, electricity tarrif increase...

Nigeria which way??
How did we get here?

Am tired