…North records highest Nigerias food inflation rate surged to 39.93% in November 2024 on year-on-year, a 7.08 percentage point increase, from the 32.84% recorded in November 2023, according to data from the National Bureau of Statistics, (NBS). The spike in food inflation was driven by significant price increases across various food categories such as tubers (yam, water yam, and coco yam); bread and cereals (guinea corn, maize, and rice); oils and fats (palm oil and vegetable oil), and tobacco (beer and pinto). On a month-on-month basis, the national food inflation…
Read MoreFood inflation jumps 39.93% in November – NBS
