Nigeria’s headline inflation rate has increased for the fifth consecutive month to 34.19 percent as residents of Africa’s most populous country grapple with a cost of living crisis. According to the latest data from the National Bureau of Statistics (NBS), released on Monday, the June figure is 0.24 percent higher than the 33.95 percent recorded in May. The lowest figure in 2024 was 29.90 percent, recorded in January.