 Nigeria's inflation rose to 16.82% in April 2022, following a similar upstick recorded in the previous month as a result of the increase in energy and food prices. And this represents the highest rate recorded since August 2021. This is according to the recently released consumer price index report released by the National Bureau of Statistics and is the consumer price index, which measures the rate of inflation rose by 16.82% year on year in April 2022, which is 0.9% point higher than the 15.92% recorded in the previous month of March 2022 on a month-on-month basis. The headline index increased by 1.76% in April 2022 compared to 1.74%. A increase recorded in the previous month. Similarly, the urban inflation rate increased to 17.35% year on year in April 2022 from 18.68% recorded in April 2021, while the rural inflation rates increased to 16.32% in April 2022 from 17.57% in April 2021. Click the notification button so you get notified about fresh news updates.