Borno Tops List of States with Highest Food Inflation in Nigeria
[NigerianEye - Nigeria] - 19/06/2025
Nigeria's food inflation rate dropped to 21.14% in May 2025 from 40.66% in May 2024, according to the National Bureau of Statistics (NBS). However, this decline is largely attributed to a change in the inflation base year, which affects annual comparisons. The month-on-month rate rose slightly to 2.19%, indicating persistent price pressures on key food items.Several states, including major food producers, are facing high food inflation rates, highlighting inefficiencies in supply chains and market infrastructure.A Nairametrics survey report across four key Lagos markets revealed that while (…)
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