Nigeria witnessed an unexpected slowdown in annual inflation in April, with analysts attributing this to the strong performance of the naira at the time of the CPI survey. The annual inflation rate stood at 33.2%, influenced by slower MoM increases in imported food prices. Bloomberg analysts forecast a peak in inflation at around 36% in June, anticipating a decrease towards 33% by year-end. The recent depreciation of the naira may prompt the central bank to continue tightening policies, potentially leading to further rate hikes.