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Nigeria: Inflation Dropped to 16.25% in May
Premium Times, 15 June 2017
The National Bureau of Statistics (NBS) on Tuesday said Nigeria's inflation dropped to 16.25 per cent in May from 17.24 per cent in April. Read more »
For the fourth consecutive month, the inflation rate has continued to drop from 17.24% in April to 16.25% in May, representing a 0.99% slide. Despite this improvement, pressure is still being felt on the price of food items and other commodities.
(file photo).
Experts say the impact of reforms in the agricultural sector will only be seen in the second quarter because most of harvest happens around the April/May. Read more »
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