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Nigeria's annual inflation rises to 12.26% y/y in March –stats office

A woman bargains for the price of food with a store keeper at a grain shop in Garki market Abuja, Nigeria November 13, 2019. REUTERS/Afolabi Sotunde

LAGOS (Reuters) - Nigeria’s annual inflation in March rose for a seventh straight month, the statistics office said on Tuesday, as border closures pushed prices higher.

Inflation rose to 12.26% year on year, up from 12.20% in February and the highest inflation rate since April 2018, when it stood at 12.48%.

Food inflation grew by 14.98% year on year, up from 14.90% in February, the figures showed.

Reporting by Libby George; editing by Jason Neely

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