• Garri, millet, bread, cereal, growing out of reach of average Nigerians
• Food prices up by 40.01% as experts predict higher figure in April
• CBN tasked on more interventions, stronger policies
There seems to be no respite for Nigerians on food prices despite the rise in naira value as the March inflation figure rose to 33.20 per cent.
Specifically, food prices, which soared by 40.01 per cent, appeared to have defied various monetary interventions by the Central Bank of Nigeria (CBN) and further compounding the inability of Nigerians to have decent meals
The National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) report released yesterday, said the inflation rate jumped to 33.20 per cent in March 2024 compared to the February 2024 headline inflation rate, which was 31.70 per cent.
According to the NBS, the March 2024 headline inflation rate showed an increase of 1.50 per cent points when compared to the…
Source: Guardian Newspaper
