Food Inflation

World food price index ends 2023 some 10% below 2022 levels

In the financial realm, the United Nations Food and Agriculture Organization's (FAO) world price index concluded the past year approximately 10% below its 2022...

Local rice price jumps to 73% in 12 months – NBS

January 4, 2023. Azonuchechi Chukwu. The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to...

Nigeria’s Inflation Rate Increases To 28.2% In November

December 15, 2023. Azonuchechi Chukwu. Nigeria’s inflation rate in November has hit 28.2 percent, which is 0.87% higher than October’s headline rate of 27.33%.This is according...

Nigerians should expect rise in cost of food stuffs in 2024, Analyst warns

In the early months of 2024, inflation is anticipated to surge further, propelled by market reforms and persistent currency fluctuations in the black market,...

Nigeria’s inflation rate rises to 27.33% in October

November 17, 2023. Azonuchechi Chukwu. The recent report by the National Bureau of Statistics has revealed that the headline inflation rate in October 2023, increased to...

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