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Everything you need to know about Finance and Investing in Nigeria.

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GeneralJun 18, 2024
Headline inflation up marginally to 33.95%
The National Bureau of Statistics published its May 2024 CPI and inflation report on June 15. Consistent with forecasts, Nigeria's headline inflation continued its upward trend for the 17th consecutive month but came in lower than most analysts anticipated. The consumer price index rose by 33.95%, a modest increase from 33.69% in April. Interestingly, month-on-month inflation, which provides a more current assessment of price changes, decreased for the third consecutive month to 2.14% from 2.29% in April.
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