Nigeria’s headline inflation has surged to 34.19 percent, up from 33.95 percent in May 2024, according to the latest report released by the National Bureau of Statistics (NBS) on Monday. Nigeria’s headline inflation has increased to 34.19% from 33.95% in May 2024Analysts suggest inflation may have peaked as devaluation effects are expected to fadeFood inflation rate in June 2024 was 40.87% year-on-year, driven by increased prices of items like groundnut oil and palm oilThe inflation figure marks a new 28-year high. On a year-on-year basis, the headline inflation rate was 11.40 percentage point…