Inflation Rate In Nigeria May 2024. Nigeria’s annual inflation rate increased for the fifth consecutive month to 34.19 per cent as residents of africa’s most populous country grapple with a cost of living crisis. Recent data published by the national bureau of statistics has revealed that headline inflation rate has increased to 33.95% in comparison to april 2024 head line inflation.
Nigeria’s inflation rate surged to 33.95% in may 2024, up from 33.69% in april 2024, according to the latest consumer price index (cpi) report released by the national bureau of statistics (nbs) on saturday. This marginal increase in headline inflation can be.
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