The Financial Market Dealers Association of Nigeria (FMDA) has projected that Nigeria's headline inflation rate will reach 16.42 percent year-on-year in April 2026. This anticipated increase is attributed to rising food prices, as well as heightened transportation and production costs. The FMDA's forecast comes ahead of the National Bureau of Statistics' scheduled release of the April inflation figures, highlighting ongoing economic pressures affecting consumers. The association noted that these factors continue to exert significant influence on the overall inflation landscape in the country.
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