Nigeria’s headline inflation increased to 11.40% in May 2019 from 11.37% recorded in April.
Data from the National Bureau of Statistics revealed that the figure is 0.03% points higher compare to April
According to the Bureau, increases were recorded in all consumption that yielded the headline index.
The consumer price index measures a country’s inflation and helps the government and policymakers to fix economic fundamentals and projections.
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Some Analysts say the current upward movement may pose great uncertainty for the Nigerian market and affect the country’s exchange rate.
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