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Nigeria’s inflation falls to 22.97% in May – NBS

Nigeria's headline inflation rate decreased to 22.97 percent in May 2025, indicating a consecutive decline for the second month. 

This information was revealed in the most recent figures published by the National Bureau of Statistics. 

The reduction from 23.71 percent in April suggests a continued easing of price hikes, providing initial relief for consumers and positive signals for policymakers aiming to stabilize the economy.

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