JUST-IN: Inflation Rises Marginally To 22.41% Despite Fuel Subsidy Removal

Despite the recent increase in the Monetary Policy Rate (MPR) to 18.5 per cent by the Central Bank of Nigeria (CBN) to curtail the rise in inflation, the Consumer Price Index (CPI) which measures inflation rose to 22.41 per cent in May 2023.

The CBN said inflation is a major challenge, adding that the drivers of inflation are outside its control including Premium Motor Spirit (PMS) supply.

THEWHISTLER : Read More