Nigeria: The Danger of Rising Food Inflation

March 21, 2024
[This Day] In what has been adjudged the highest inflation rate in 26 years, the Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities, increased by 1.80 per cent to 31.70 per cent in February compared to 29.90 per cent in the preceding month. We understand that the CPI by the National Bureau of Statistics (NBS) is for February which was at the height of dollar upward gyration, and high prices of goods and services. Therefore, the figures for headline inflation and food

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