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April 24, 2024

People Talk: On 40 percent food inflation despite Naira appreciation

People Talk: On 40 percent food inflation despite Naira appreciation

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At the backdrop of sustained rise in prices of staple food items in the market, Nigeria has

recorded an unprecedented food inflation rate of 40 percent in March 2024.

Economists and financial analysts explained that the development would put more pressure on the purchasing power of average Nigerian and they also predict that the trend will continue for some months before stabilising.

People talk took to the street to get reactions on food inflation rate increase.

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