Dr. Yemi Kale, Statistician-General of NBS

The National Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index (CPI), with the index dropping from 13.34 percent in March to 12.48 percent in April.

The bureau said this in the CPI report, made available to reporters in Abuja.

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The bureau, in the report, said this was the 15th consecutive months that the inflation rate would be experiencing continuous decline.

The report reads in part, “The Consumer Price Index which measures inflation increased by 12.48 percent (year-on-year) in April 2018.

“This is 0.86 percent points less than the rate recorded in March 2018 (13.34) percent and represents the fifteenth consecutive disinflation since January 2017.

“On a month-on-month basis, the Headline index increased by 0.83 percent in April 2018, up by 0.01 percent points from the rate recorded in March.”