Tag
FOOD INFLATION
Nigeria’s inflation rate eased to 23.71% in April 2025, down from 24.23% recorded in March.
Nigeria’s headline inflation rate has increased to 24.23% in March 2025, according to the latest figures from the National Bureau of Statistics (NBS).
Nigeria’s farmer-herder crisis has reached alarming proportions, leading to over 2.2 million people displaced, heightened food insecurity, and a worsening security situation across the country.
Nigeria’s food inflation rate slowed to 23.51% in February 2025, marking a significant decline from the 37.92% recorded in February 2024, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS).
Food prices in Nigeria have reached record highs, stretching household budgets and forcing millions to adapt to a new reality.
Approximately 33.1 million Nigerians may fall into food insecurity by 2025, driven by rising inflation, persistent economic hardship,...
Nigeria has received a shipment of 32,000 tons of brown rice from Thailand as the government seeks to...
As Christmas approaches, food inflation in Nigeria continues to rise sharply, with the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS) showing that Abuja and 19 states recorded food inflation rates above 40% in November 2024.
Nigeria’s headline inflation rose to 34.60% in November 2024 reflecting a further surge in the costs of goods and services across the country.
Using data from the NBS on inflation rates, here is an analysis of the ten most expensive states in Nigeria in October 2024:
Nigeria's headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month.
The World Bank has ranked Nigeria among the top ten countries most hard hit by food inflation in the world.