Tag: Nigeria’s annual inflation rate rises to 33.95%

Nigeria’s annual inflation rate climbed to 33.95 per cent in May 2024, up from 33.69 per cent recorded in April, according to the National Bureau of Statistics (NBS). This increase marks a rise of 0.26 percentage points month-on-month. Compared to May 2023, when the inflation rate stood at 22.41 per cent, the current figure reflects…