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By Emmanuel Elebeke The National Bureau of Statistics, NBS, says the consumer price index (CPI) which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The rise is 0.86 per cent points higher than the rate recorded in January 2021 (16.47) per cent. In its monthly report released on its website, the bureau
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Skyrocketing food prices and scarcity of foreign exchange (FX) have emerged as the main drivers of soaring inflation and analysts see additional factor of fuel price and electricity tariff increases pushing steeper rise in the months ahead.
Read More HOUSEWIVES in the South-South region have disproved the claim by the Presidency that prices of food items have dropped in the country, following the agricultural reforms of the administration of President Muhammadu Buhari (retd.), describing it as deceptive.
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THE Consumer Price Index (CPI), which measures inflation rate, rose for the second consecutive month to 11.28 percent Year-on-Year, YoY in September 2018, attributable to food price increases.
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The National Bureau of Statistics, NBS, stated in its latest report released yesterday that food price pressure continued into July as all major food sub-indexes increased, with food inflation in the country rising by 20.28 per cent Year-on-Year (YoY) in July.
Read More FOOD transporters, under the auspices of Amalgamated Foodstuff and Cattle Dealers Association of Nigeria, AFCDAN, yesterday, said food prices would remain high across the country due to bad roads.
Read More The Federal Government has adopted some measures to reduce the price of food items in the country.
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Residents and motorists in Enugu State are wearing long faces occasioned by the acute scarcity of petrol which has drastically affected prices of staple food items sold across markets in the state.
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