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Nigeria’s Inflation Rate Hits 34.19 % Amid Rising Food Cost

wasiu ayanwola1 year ago1 year ago01 mins

This unfavorable new development comes amidst the rising cost of food items across the country, pushing basic commodities beyond the reach of average Nigerians. According to the latest data from the National Bureau of State Statistics (NBS), Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024. This is an increase…

Food Inflation Increases By 61% in a Single Year – NBS

olatunde jomiloju1 year ago1 year ago01 mins

Food inflation increased to 40.66 percent in May, making it harder for Nigerians to feed themselves. This occurred when the price of food increased by 61%, from 25.25% in June 2023 to 40.66% in May 2024, indicating a consistent increase in the expense of living. This is based on examining the most recent National Bureau…

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Nigeria’s Inflation Rate Hits 34.19 % Amid Rising Food Cost

Food Inflation Increases By 61% in a Single Year – NBS