25 million Nigerians at risk of acute food crisis: Tinubu responds
Food inflation in Nigeria has increased by 155 per cent from May 2014 to May 2023. This indicates that prices of goods and consumables have doubled over the past ten years.
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#ChartoftheDay: Nigeria’s Inflationary Trend Movement (2020-2021)
Nigeria’s inflation rate continues to decline according to the CBN inflation data. The headline inflation rate as of October 2021 stands at 15.99%, maintaining a steady decline from March 2021 when it was 18.17%. The food inflation rate and core inflation rate stand at 18.34% and 13.24% respectively of October 2021.