 Welcome to business news. The National Bureau of Statistics says inflation rate reduced by 0.05% in April compared to what obtained in March. It said while inflation rates stood at 18.17% in March, it reduced to 18.12% in April. The rate is contained in the NBS's Consumer Price Index report for April 2021 released in Abuja today. Now the CPI measures the average change over time in prices of goods and services for day-to-day living. The report also said increases were recorded in all classification of individual consumption by purpose, divisions, that yielded the headline index. The NBS said that the percentage change in the average composite of CPI for the 12-month period and in April over the average of CPI for the previous month or 12-month period was 15.04%.