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Nigeria inflation slows again in May, raising rate cut prospects

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Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Annual inflation eases to 22.96% on stronger naira
  • Analysts flag food risks from flooding and insecurity

Abuja, Nigeria – Nigeria’s annual inflation slowed for a second straight month to 22.96% in May, down from 23.71% in April, helped by lower fuel prices and a firmer naira.

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