Inflation Rate In Nigeria May 2024. Nigeria inflation rate for 2022 was 18.85%, a 1.89% increase from 2021. In may 2023, the headline inflation rate increased to 22.41% relative to april 2023 headline inflation rate which was 22.22%.
— again, nigeria’s inflation rate increased to 33.95 per cent in may 2024 according to the latest data from the national bureau of statistics. In january 2024, the headline inflation rate increased to 29.90% relative to the december 2023 headline inflation rate which was 28.92%.