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.
This represents the highest inflation rate recorded in 34 months since January 2018
Nigeria's inflation rate rose by 14.23% in October 2020 as against 13.71% recorded in September 2020
Nigeria’s Food Inflation has risen by 110.5% between September 2015 and September 2020.
About N2 trillion spent in the last 5 years to achieve food self-sufficiency.
Nigeria’s inflation rate rose by 12.82% (year-on-year) in July, compared to 12.56% recorded in June 2020. This is the highest rate recorded in 27 months since...
Inflation rate rise to 12.4% in May, 0.06% points higher than 12.34% recorded in April.