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FOOD INFLATION IN NIGERIA
This article features the 10 most affordable states in Nigeria for August 2025.
The article features the top 10 Nigerian states with the highest year-on-year food inflation in May 2025, ranked in ascending order and with insights into their local food dynamics and historical inflation trends.
The Executive Vice Chairman/CEO of the Federal Competition and Consumer Protection Commission (FCCPC) Mr. Tunji Bello, has blamed Nigerians hoarding grains for the high inflation food inflation in Nigeria.
Food inflation climbed to 37.92% in February 2024, according to Consumer Price Index report of the National Bureau of Statistics (NBS).
Nigeria’s headline inflation rate rose to 22.22% in April 2023, a 0.18% point higher than the 22.04% recorded in the previous month.
The average price of 1kg of Yam tuber rose by 25.30% on a year-on-year basis from N353.56 in March 2022 to N443.02 in March 2023.
The average price of 1kg rice increased on a year-on-year basis by 19.21% from N424.62 in December 2021 to N506.17 in December 2022.
Global Food Commodity prices declined in July 2021, recording a second consecutive decline, according to a United Nations...