Nigeria’s headline inflation falls for second straight month on naira stability
Nigeria’s headline inflation moderated slightly in May, its second slowdown in two months, as a result of relative exchange rate stability and moderating fuel prices. The National Bureau of Statistics reported headline inflation at 22.97%, down from April’s 24.2%, while food inflation declined to 21.14% from 21.79%. The slowdown reflects a 1% naira appreciation in […]
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Nigeria’s headline inflation falls for second straight month on naira stability
Nigeria’s headline inflation moderated slightly in May, its second slowdown in two months, as a result of relative exchange rate stability and moderating fuel prices. The National Bureau of Statistics reported headline inflation at 22.97%, down from April’s 24.2%, while food inflation declined to 21.14% from 21.79%. The slowdown reflects a 1% naira appreciation in […]
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