Nigeria’s inflation hits 18yr high at 22.4%, to surpass 23% this month

The National Bureau of Statistics, NBS, Consumer Price Index, CPI, report for May, 2023, shows headline inflation rose year-on-year by 0.19 percentage point to 22.41 percent in May from 22.22 percent in April. This is the highest inflation rate recorded in Nigeria since September 2005 and the third straight month of staying within the 22 …

Nigeria’s inflation hits 18yr high at 22.4%, to surpass 23% this month Read More »