Nigeria's inflation rate has continued to rise, with the Consumer Price Index (CPI) increasing to 33.95% in May 2024, a significant jump from the 33.69% recorded in April 2024.
The rise in inflation is attributed to a combination of factors, including the ongoing economic challenges, supply chain disruptions, and the impact of the global economic downturn.
This development, however, has sparked concerns among analysts and economists about the country's economic stability.
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