Home Sectors BUSINESS & ECONOMY Nigeria’s Inflation Hits 11.40 Percent In May – NBS

Nigeria’s Inflation Hits 11.40 Percent In May – NBS

Domestic Airfares Increased As Transportation Fare Reduced - NBS

The Consumer Price Index (CPI) which measures inflation, again rose to 11.40 per cent year-on-year in May compared to 11.37 per cent in April, according to the National Bureau of Statistics (NBS).

According to the CPI figures for May which was released by the NBS Monday, core inflation, however, stood at 9.0 per cent compared 9.3 per cent in the preceding month.

The composite food index rose by 13.79 per cent in the period under review compared to 13.70 per cent in April.

Details later…

BizWatchNigeria.Ng
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.