Nigeria’s inflation rate climbed to a more than 28-year high in May, reaching 33.95%, driven by higher food and transport prices. The National Bureau of Statistics (NBS) confirmed the rising prices of essential foodstuffs such as garri and beans. This surge in inflation marks the highest annual rate reported in nearly three decades.
JUST IN: 🇳🇬 Nigeria reports annual inflation of 33.95% in May, the highest in 28 years.
Nigeria’s Inflation Rate Hits 33.95% In May -NBS https://t.co/eHuP3L4Lgt
Nigeria's Inflation Rate Hits 33.95% As NBS Confirms Rising Prices Of Garri, Beans, Other Foodstuffs | Sahara Reporters https://t.co/YziqzzQW7v https://t.co/wIqxdzAzdK
Nigerian inflation rises in May to new 28-year high https://t.co/IsJ2X81s7o https://t.co/e6lyPcIrsZ
Nigeria’s inflation rate climbed to a more than 28-year high in May on higher food and transport prices https://t.co/oOIX1DRuiB via @economics @Olurounbi @apgmonteiro @MoniqueVanek https://t.co/T1JWq6qrJ6
Nigeria’s inflation rate climbed to a more than 28-year high in May on higher food and transport prices https://t.co/TkWbaS0Dj7