Nigeria, April 16 -- The new data signals a fresh rise in price pressures across the economy, with monthly inflation accelerating sharply. On a month-to-month basis, inflation climbed to 4.18 percent in March from 2.01 percent in February, showing that the pace of rising costs strengthened during the period.



Among the main factors affecting March prices were higher transportation costs, supply chain stress, currency fluctuations, and global energy uncertainty, The News Chronicle notes. Additionally, contributing to inflation worries in some developing countries, including Nigeria, were rising crude oil prices and tensions around key shipping channels.



With core inflation at 16.21 percent, food inflation stood at 14.31 percent yea...