The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s April inflation outlook points to a fragile disinflation process, noting that the conditions remain severe for households and businesses in the country.
The think tank made this known in a statement signed by its Chief Executive Officer, Muda Yusuf, on Friday, noting that inflation conditions remain severe from a welfare and business cost perspective.
The National Bureau of Statistics (NBS), in its April inflation report on Friday, stated that headline inflation rose marginally from 15.38 per cent in March to 15.69 per cent in April.
CPPE said the trend indicates that although inflationary pressures remain elevated, the pace of acceleration was relatively moderate.
It highlighted some positive signals in short-term inflation trends, pointing to broad-based moderation across key month-on-month indicators.
