WebJan 28, 2024 · Nigeria’s inflation rate increased by 15.75% YoY in December 2024, hitting its highest figure in 3 years. According to the latest Consumer Price Index report, released by the National Bureau of Statistics (NBS), the food inflation index rose sharply by 19.56% in December, caused by increases in prices of bread and cereals, potatoes, yam and … WebJul 19, 2024 · Food inflation rose to 21.83 percent in June 2024 from 15.18 percent recorded in June 2024, caused by price increases across items such as bread and cereals, potatoes, yam and other tubers, milk, cheese and eggs, fish, soft drinks, vegetables, oils and fats and meat. These soaring costs have been as a result of the worsening farmer-herder ...
Increase in Food Prices in Nigeria: Causes and Effect
WebNigeria Inflation Rate - data, historical chart, forecasts and calendar of releases - was last ... WebMar 16, 2024 · Another factor in food price inflation is Nigeria’s rate of population growth. Policies often fail to take adequate account of this. In 2024, the population growth rate is … can high testosterone cause anxiety in men
Nigerian inflation quickens again in February Reuters
WebDec 15, 2024 · 2. Nigeria’s inflation rate fell for the eighth consecutive month in November to 15.40 per cent from 15.99 per cent recorded a month earlier amid a continuing increase in food prices, the ... WebNov 13, 2024 · A particular factor that is making the hunger situation in Nigeria even more scary is the increasing prices of food items. The inflation rate in Nigeria rose from 9.01 per cent in 2015 to 18.7 per cent in March 2024 while food inflation rose by 110.5 per cent in 5 years (September 2015-September 2024). WebMay 16, 2024 · In this article. Nigerian inflation accelerated to an eight-month high in April as the cost of gas and food items such as bread and cereals climbed on the back of surging global commodity prices ... fitgirl repack sims 4 all dlc