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A market in Lagos, Nigeria.

Nigerian inflation accelerated to an eight-month high in April as the cost of gas and food items such as bread and cereals climbed on the back of surging global commodity prices. 
Annual food inflation accelerated to 18.4% from 17.2% in March. The surge sent the headline rate to 16.8%, according to data released on the National Bureau of Statistics’ website on Monday. That’s the highest level since August and exceeds the median estimate of 16.4% by four economists in a Bloomberg survey. 


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