Cpi and inflation report march 2022. The central bank of nigeria (cbn) has reported a surge in the nation’s money supply, which reached a new high of n99.24 trillion in may 2024.
Nigeria’s headline inflation increased to 33.20% year on year in march, up from the 31.70% reported in february. The central bank of nigeria (cbn) has reported a surge in the nation’s money supply, which reached a new high of n99.24 trillion in may 2024.
Nigeria’s Money Supply (M3) Has Surged To Nearly N100 Trillion, Hitting A New Peak Of N99.24 Trillion In May 2024.
The central bank of nigeria, cbn, has projected that nigeria’s inflation will moderate in the coming months as its reforms.
Despite Naira’s Rebound, Nigeria’s Inflation Rate Jumped To 33.20% In March 2024 Compared To February 2024 Headline Inflation Rate Which Was 31.70%.
Looking at the movement, the february 2024 headline inflation rate showed an increase of 1.80% points when compared to the january 2024 headline inflation rate.
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Nigeria’s Headline Inflation Rate Accelerated To The 17Th Straight Month Of 33.95% In May 2024 From 33.69% In The Prior Month, Marking The Highest Reading Since March 1996.
In april 2024, the headline inflation rate rose to 33.69%, up from 33.20% in march 2024, marking an increase of 0.49% points according to the nigeria bureau of.
Despite Naira’s Rebound, Nigeria’s Inflation Rate Jumped To 33.20% In March 2024 Compared To February 2024 Headline Inflation Rate Which Was 31.70%.
Nigeria inflation rate for 2021 was 16.95% , a 3.71% increase from 2020.