Lockdown, disruptions in supply chain trigger higher inflation - News Summed Up

Lockdown, disruptions in supply chain trigger higher inflation


The NBS had said the lockdown and other disruptions in normal economic activities in several states that started in April 2020 could not have had any major impact on the March 2020 inflation. On a month-on-month basis, the core index was up by 13bps 0.93 per cent. In April 2020, inflation of all items was highest in Bauchi (14.44%), Sokoto (13.99%) and Plateau (13.68%), while Edo (10.87%), Abuja (10.81%) and Kwara (8.98%) recorded the slowest rise in inflation. On month-on-month basis, all items inflation was highest in Akwa Ibom (2.01%), Oyo (1.91%) and Abia (1.81%), while Edo, Enugu and Bayelsa recorded negative inflation. On month-on-month basis, April 2020 food inflation was highest in Akwa Ibom (2.65%), Lagos (2.49%) and Oyo (2.33%), while Bayelsa, Ebonyi and Enugu recorded negative inflation.


Source: The Guardian May 22, 2020 04:41 UTC



Loading...
Loading...
  

Loading...