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Nigerian inflation has reached a 28-year high, with consumer prices rising by 33.2% annually. This is higher than expected and is attributed to the surging currency not yet impacting the cost of imported goods. The Nigerian currency has strengthened by 34% since mid-March, the most in the world, due to measures taken by the central bank to support the currency. However, the full benefits of the stronger currency have not been reflected in inflation data, which was collected before a threefold increase in electricity prices and may lead to further rate increases. The cost-of-living crisis has also led to protests and the government distributing grain to affected households. [Extracted from the article]