#Daily Chart: Nigeria’s Food Inflation Rate – April 2023

On a year-on-year basis, the food inflation rate was 6.24% points higher when compared to the rate recorded in April 2022, which was 18.37%. This shows that the food inflation rate on a year-on-year basis increased in April 2023 when compared to the same month in the preceding year (i.e., April 2022).

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