As widely anticipated headline inflation dipped for the 15th consecutive time to 12.48% in April from 13.34% in March. Year to date (YTD) headline inflation has averaged 13.82%. Interestingly, month-on-month inflation changed direction, declining to 0.83% from 0.84% in March.
All the sub indices moved in tandem with the headline inflation indicating that the consumer price index is yet to reach an inflection point
In the attached bulletin, the FDC Think-Tank analyses inflationary movements in April.
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