Nigeria’s inflation cools to 22.97% in May as food risks mount
Bendada.com | Joseph - Jun 16, 2025
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AI-generated highlightsThe most relavant information from the article.
  • Nigeria's headline inflation decreased to 22.97% in May from 23.61% in April.
  • Food inflation marginally declined to 21.14% in May compared to the previous month.
  • The naira appreciated roughly 1% against the dollar in the official market during May.
CommentaryExperimental. Chat GPT's thoughts on the subject.
While the decrease in headline inflation is a positive development, the underlying issues such as insecurity and agricultural challenges suggest that the relief may be temporary. Policymakers should focus on addressing these structural weaknesses to ensure sustainable economic stability.
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