Nigeria's headline inflation rate rose to 15.93 percent in May, reflecting a marginal increase of 0.24 percent from the previous month's rate of 15.69 percent, as reported by the National Bureau of Statistics (NBS). The rise in inflation has been attributed to the increasing prices of essential commodities, including maize, onions, and tomatoes. Additionally, the report indicated a decrease in the inflation rate when compared to May 2025 figures, highlighting the fluctuating economic conditions in the country.
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