Federal finance and statistics / National Bureau of Statistics

CPI and Inflation Report April 2024

Executive Summary In April 2024, the headline inflation rate increased to 33.69% relative to the March 2024 head line inflation rate which was 33.20%. Looking at the movement, the April 2024 headline infla tion rate showed an increase of 0.49% points when compared to the March 2024 headline in flation rate. On a year-on-year basis, the headline inflation rate was 11.47% points higher compared to the rate recorded in April 2023, which was 22.22%. This shows that the headline inflation rate (year-on-year basis) increased in the month of April 2024 when compared to the same month in the preceding…