Nigeria’s Inflation Continues to Ease—But Is It a Turning Point?

The country’s inflation rate eased for the second consecutive month in May, dropping to 22.97% from April’s 23.71%, offering cautious optimism amid ongoing economic reforms. The decline follows a major rebasing of inflation metrics and a revised consumer price basket, which earlier caused a dramatic shift from December’s 34.80% to 24.48% in January. While food inflation—long […]