Inflation: Investment firms project further rise beyond 34%

Following the continuedrise in prices of goods and services worsened by further naira depreciation, inflation is projected to exceed 34 per cent in May, 2024, about 0.31 percentage point above the previous month figure of 33.69 percent. This comes at the backdrop of moves by the Central Bank of Nigeria, CBN, to tame sustained inflationary trend through use of monetary policy tightening, raising its Monetary Policy Rate, MPR, to 24.75 per cent last month.The post Inflation: Investment firms project further rise beyond 34%appeared first on Vanguard News.
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