Tags : Hike in Food Prices

Breakdown: How Food Prices Rose In June

The National Bureau of Statistics has said that the prices of food rose in June, 2021. This was according to the Executive Summary of the “Selected Food Price Watch” report released by the bureau. Recall that the bureau had reported earlier that Nigeria’s inflation rate fell by a slight 0.18 percent – from 17.93 percent […]Read More

Food Prices Drop After 21 Months Consecutive Increase

According to the National Bureau of Statistics, the composite food index rose to 22.72 percent in April 2021 compared to 22.95 percent recorded in March of the same year. The report contained in the NBS’s Consumer Price Index added that on month-on-month basis, the food sub-index increased by 0.99 per cent in April, down by […]Read More

Nigeria Battles Rise In Food Price As Inflation Hit A

In March alone, inflation in Nigeria hit a 4-year high by more than 18 percent, while food prices are up by almost 23 percent. Africa’s largest economy is currently struggling with a number of challenges like the fall in the price of oil, naira exchange rate depreciation, foreign exchange liquidity shortages, impacts of climate change […]Read More