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Tag "Food inflation"

Higher food prices push Nigeria’s inflation to 22.22%

    Higher food prices push Nigeria’s inflation to 22.22%

The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 22.22 percent in April 2023, up from 22.04 percent in the

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Flooding: CBN to deploy grains reserve to check food inflation

    Flooding: CBN to deploy grains reserve to check food inflation

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the apex bank will fall back on its strategic grains reserve to check food inflation. Emefiele said this on

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Nigeria’s inflation rate rises to 21.09% amid soaring food prices

    Nigeria’s inflation rate rises to 21.09% amid soaring food prices

The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 21.09 percent in October 2022, up from 20.77 percent in the

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Report: Insecurity, fuel scarcity, energy deficit caused food price hike in Q3 2022

    Report: Insecurity, fuel scarcity, energy deficit caused food price hike in Q3 2022

SB Morgen (SBM) Intelligence, a geopolitical research firm, says insecurity, intermittent energy shortages, and increased fuel prices caused a hike in the cost of food items in the third quarter

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Food prices dropped in Akwa Ibom, price of gas increased… highlights of Nigeria’s November inflation report

  Food prices dropped in Akwa Ibom, price of gas increased… highlights of Nigeria’s November inflation report

The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined marginally in

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IMF advises Sub-Saharan Africa to fight food insecurity, avoid trade barriers

  IMF advises Sub-Saharan Africa to fight food insecurity, avoid trade barriers

The International Monetary Fund (IMF) has advised sub-Saharan Africa countries to fight food insecurity, avoid trade barriers and improve access

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N30k for bag of rice, crate of eggs now N2k… traders grapple with low sales amid rising food prices

  N30k for bag of rice, crate of eggs now N2k… traders grapple with low sales amid rising food prices

The prices of food items continue to soar across major markets in Lagos, as traders complained of low sales amid

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Nigeria’s inflation rate slows 17.93% in May

  Nigeria’s inflation rate slows 17.93% in May

The consumer price index (CPI), which measures the rate of change in prices of goods and services, dropped to 17.93

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Unresolved security challenges, FX scarcity, high import cost worsen Nigeria’s inflationary pressure

  Unresolved security challenges, FX scarcity, high import cost worsen Nigeria’s inflationary pressure

The National Bureau of Statistics (NBS), on Tuesday, released the inflation report for February with the headline rate surging from

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Yet again, Buhari asks CBN not to give money for food importation

  Yet again, Buhari asks CBN not to give money for food importation

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide foreign exchange for the importation of

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