The average cost of making a pot of jollof rice in Nigeria rose by 7.8% between March 2020 and March 2021.
Nigeria's inflation rate for the month of March 2020, rose to 18.17% from 17.33% recorded in February 2021.
Household consumption expenditure of Nigerians rose by 16.59% in Q4 2020 to stand at N13.92 trillion.
Emefiele while addressing the media on Tuesday stated that Nigeria's growing food inflation is caused due to worsening security challenges.
The report contains information on items that witnessed price increase, decrease, as well as information on special markets and insights.
Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in Nigeria since October 2005.
Nigeria's inflation rate rose to 17.33% in February 2021, from 16.47% recorded in the previous month.
Nigerians cannot afford to buy food as the price of food is skyrocketing every month.
This is 0.86% points higher than the rate of 14.89% recorded in November 2020.
According to the latest consumer price index, Kogi State is officially the most expensive place to buy food items in Nigeria.