Search

Nigeria’s Inflation Surges to 33.95% in May, Driven by Rising Food Costs

  • Nigeria’s annual inflation reaches 33.95% in May, driven primarily by food prices
  • Central Bank grapples with high inflation despite aggressive interest rate hikes

 

Abuja, Nigeria – Nigeria’s annual inflation continued its upward trend in May, increasing by 0.26 percentage points from the previous month to reach 33.95%, according to data released by the National Bureau of Statistics.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »
breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights