Food Inflation Soars by 61% in One Year, NBS Report Reveals

Nigerians are facing increasing difficulties in affording basic food necessities as food inflation skyrocketed to 40.66% in May 2024, marking a significant rise from 25.25% in June 2023. This data comes from the latest Consumer Price Index (CPI) and Inflation report released by the National Bureau of Statistics (NBS), underscoring a steep climb in the … Continue reading Food Inflation Soars by 61% in One Year, NBS Report Reveals