Inflation Rate In Nigeria May 2025. Nigeria’s headline inflation rate accelerated to the 17th straight month of 33.95% in may 2025 from 33.69% in the prior month, marking the highest reading since march 1996. Nigeria’s inflation rate surged to 34 percent in may 2025.
The national bureau of statistics (nbs). Looking at the movement, the march 2025 headline inflation rate showed an increase of 1.50% points when compared to the february 2025 headline inflation rate.
Also, Food Inflation, Which Increased To 40.9 Per Cent In June, From 40.7 Percent In May 2025 And Far Higher Than The 25.3 Percent Recorded In June 2023, Continues To.
Nigeria's headline inflation increased for the 17th consecutive time to 33.95% in may 2025, up from 33.69% in april, according to the latest consumer price index and.
The International Monetary Fund In May Maintained Its Growth Forecast Of 3.3% For Nigeria's Economy For 2025, Up From 2.9% Last Year, Citing A Pick Up In Services.
Inflation eases, setting up fed rate cut a key measure of inflation met analysts’ expectations as markets predict an interest rate cut in september.
Inflation Rate In Nigeria May 2025 Images References :
Nigeria’s Inflation Rate Surged To 34 Percent In May 2025.
Nigeria inflation rate for 2021 was 16.95%, a 3.71% increase from 2020.
Looking At The Details Of The Release, Prices For Food And Transporation Rose At Quicker Rates In May.
In december 2023, the headline inflation rate increased to 28.92% relative to the november 2023 headline inflation rate which was 28.20%.