Food inflation rate in Nigeria surges to highest in over 15 years

Nigerian Stock Exchange Forum
Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in Nigeria since October 2005—exactly 15 years and 4 months ago. The February 2021 CPI and Inflation Report as released by the National Bureau of Statistics (NBS) revealed that the rise in the food index was caused by increases recorded in the prices of bread and cereals, potatoes, yams, and other tubers. Also, the increase in the prices of meat, food products, fruits, oil, and fats,… Food inflation rate in Nigeria surges to highest in over 15 years
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