Update On National Inflation Rates... - Politics - Nairaland
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| Update On National Inflation Rates... by TimiElvis69(m): 8:05am On Jun 25 |
Nigeria's inflation rate is currently at 33.95% as of May 2024, which represents a 17th straight month of increase and suffering and the highest reading since March 1996 ¹. Key details include ¹: - Fuel prices rose after the government removed subsidies - Currency weakness - Food inflation at a record high of 40.66% in May - Housing and utilities costs up 29.64% compared to 28.77% the previous month - Clothing and footwear prices rose 16.60% vs 16.47% the previous month - Transportation prices increased 25.62% vs 25.39% the previous month - Annual core inflation rate at a record 27.04% in May... |
| Re: Update On National Inflation Rates... by Paraman: 8:06am On Jun 25 |
It will drop below 30% before the end of 2023 |
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