The allowance bump will aid recipients the rising costs on goods and services driven by rising inflation.
OPEC said the figure showed an increase of 5,000 barrels per day when compared to the 1.233 million bpd produced averagely in the month of May 2022.
The report said that the Consumer Price Index (CPI) which measures inflation increased to 15.92 per cent year-on-year.
Urban inflation rates climbed by 17.92 percent in February 2021 from 17.03 percent recorded in January 2021.
The rise in the food index resulted from increased prices for bread and cereals, tubers, meat, fruits, vegetables, fish, oils, and fats.
