Nigeria’s inflation rate dropped to eleven point two- five per cent in March 2019. However, food index rose by thirteen-point-four-five per cent in March 2019 compared to thirteen-point-four-seven per cent in February 2019.
In its inflation statistics for March 2019 released on its website on Tuesday, National Bureau of Statistics noted that the eleven point two- five per cent is zero-point-zero-six per cent points lower than the rate recorded in February 2019, with eleven-point-three-one per cent.
The rise in the food index was caused by increases in prices of bread and cereals, meat, fish, potatoes, yam and other tubers, oils and fats, and soft drinks, vegetables, and fruits.
The inflation profile, report said price increases were highest in Kebbi , Zamfara and Taraba , while Kwara has nine point eighty four per cent.