Nigeria Inflation Rate (Monthly)

Nigeria's Consumer Price Index (CPI) which measures inflation, increased by 17.93% (year-on-year) in May 2021. This is 0.19% points lower than the rate recorded in April 2021 (18.12%). Core inflation increased from 12.74% to 13.15%; while food inflation dropped to 22.28% from 22.72%.

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Data Source: Nigeria Bureau Statistics

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