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BREAKING: Inflation Rate Surges To 11-Month High At 17.71% In May 2022

by Justice Winner
June 15, 2022
in Economy And Business, Headline
Inflation Rate

Inflation Rate has surged to an 11-month high at 17.71% in May 2022.

 

 

Newsonline reports that Nigeria’s inflation rate rose to its highest level in 11 months, rising from 16.82% recorded in April 2022 to 17.71%.

 

BREAKING: Naira Falls To Lowest On Record, See New Exchange Rate

 

The new inflation high, NewsOnline Nigeria understands is according to the recently released Consumer Price Index report, released by the National Bureau of Statistics (NBS).

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Food inflation rose to 19.5% from 18.37% recorded in the previous month, while core inflation hit 14.9% in the review month.

 

More details soon…

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Justice Winner

Justice Winner

Justice Winner is a Veteran Nigerian Journalist With Expertise in Writing Nigeria News, Entertainment and Politics. He has a degree in Journalism/Mass Communication Studies. Justice is a dedicated and talented writer committed to producing high-quality content that is authoritative, informative, entertaining, and engaging. Connect with Him on Instagram , Facebook, Twitter, and LinkedIn.

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