Nigeria's annual inflation rate hits a 28-year high: 33.95%

abuja, nigeria - Nigeria's annual inflation rose to a 28-year high of 33.95% in May, official data showed Saturday, worsening hardships that have fueled public anger against President Bola Tinubu's economic reforms.

It was the 18th straight month that inflation has risen, up from 33.69% a month earlier.

Price pressures have been spurred by Tinubu's reforms, chiefly slashing petrol and electricity subsidies