The Consumer Price Index (CPI) which measures inflation increased to 15.92 per cent on a year-on-year basis in March 2022.
The National Bureau of Statistics (NBS) disclosed this on Friday in its latest report titled ‘Consumer Price Index March 2022’.
It explained that the percentage reported was 2.25 per cent points lower compared to the 18.17 per cent rate recorded in March last year.
This means that the headline inflation rate slowed down in March 2022 when compared to the…
