Inflation: CPI further increased to 33.95 per cent in May compared to 33.69 per cent the previous month - NBS

NIGERIA — The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities further increased to 33.95 per cent in May compared to 33.69 per cent the previous month, the National Bureau of Statistics (NBS) said Saturday. The NBS attributed the 0.26 per cent uptick in the headline index to rising energy, food and commodity prices. According to the CPI report for May, year-on-year, inflation was 11.54 per cent higher compared to 22.41 per cent in May 2023... thisdaylive.com