Food Prices Drive Inflation Higher as Nigeria Records 16.96% Food Inflation Rate
Nigeria, June 16 -- Rising prices of important staples including tomatoes, onions, maize, cassava products, yam, pepper, cowpea, ginger, and plantain kept driving food prices higher all across the nation, according to The News Chronicle, which reports that on the most recent data from the National Bureau of Statistics. The sharp rise in food inflation from 8.89 percent in January to 16.96 percent in May exacerbates the load on families already fighting increasing living expenses.
Food prices are rising far quicker than overall consumer prices, according to data analysis, therefore driving the general trend of Nigeria's inflation in 2026. The food and non-alcoholic beverages sector alone added 6.38 percentage points to the country's head...
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