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Nigeria’s Inflation Up 17.71% In May, Highest In 11 Months

….. as Kogi State recorded the highest food inflation of 22.79% The National Bureau of Statistics (NBS) reported on Wednesday that Nigeria’s consumer price index (CPI), which measures the rate of inflation, surged to 17.71 percent year-on-year (Y-o-Y) in May from the 16.82 percent recorded in the preceding month, representing the highest level in 11 […]