BREAKING: Nigeria’s inflation rate eases after fifth consecutive rise

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BREAKING: Nigeria’s inflation rate eases after fifth consecutive rise
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INVESTIGATION: Government’s inaction, failed interventions perpetuate Nigeria’s post-harvest losses INVESTIGATION: Inside Nigeria’s large-scale post-harvest losses amid food crisis SPECIAL REPORT: Jigawa villagers link declining farming output, urban drift to abandonment of damCoup-baiting in the North, while plundering the federation account, By Yushau ShuaibINVESTIGATION: Government’s inaction, failed interventions perpetuate Nigeria’s post-harvest losses INVESTIGATION: Inside Nigeria’s...

“This shows that the headline inflation rate increased in July 2024 compared to the same month in the preceding year ,” the NBS said. It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.According to the report, the food inflation rate in July 2024 was 39.53 per cent on a year-on-year basis, 12.55 per cent points higher compared to the rate recorded in July 2023 .

In response, Mr Tinubu declared a state of emergency on food insecurity in July last year, aiming to combat rising food costs. Despite these efforts, food inflation has continued unabated.

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