Nigeria Inflation Jumps Ahead of First Post-Iran War Rate Call

Nigeria’s annual inflation rate climbed to its highest level in five months as the fallout from the Iran war continued to fan energy prices, complicating the outlook for policymakers ahead of their first meeting since the conflict began.

Consumer prices rose 15.7% in April from 15.4% the month before, data published by the National Bureau of Statistics on Friday showed. That matched the median estimate of three economists in a Bloomberg survey. Prices rose 2.1% in the month.