- Nigeria’s inflation has once again increased throwing Nigerian into more economic challenges
- Bayelsa state was the worst- hit, while residents of Sokoto were the least affected
- The rising inflationary pressure indicates a worsening erosion of Nigerians’ purchasing power
The National Bureau of Statistics on Monday, 15 May 2023 revealed that Nigeria’s inflation rate which measures the changes in prices of goods and services as once again increased.
According to NBS in its latest Commodity Price Index report noted that Nigeria’s inflation rate increased to 22.22 per cent in April from the 22.04 per cent recorded in March.
