food prices

The Digest: Nigeria's headline inflation rate increased to 15.38 percent in March 2026, up from 15.06 percent in February, marking the first rise in 12 months after a period of steady decline. The National Bureau of Statistics (NBS) said food inflation stood at 14.31 percent year-on-year. On a...

The Digest: Nigeria's headline inflation rate eased to 15.06 per cent in February 2026, down marginally from 15.10 per cent in January, according to the National Bureau of Statistics. The NBS Consumer Price Index report released Monday showed a 0.04 percentage point decline month-on-month...

The Digest: The Presidency has announced a significant drop in the prices of major food items, framing it as a direct result of President Bola Tinubu's economic policies. In a statement, the government highlighted examples like a bag of dry onions, which it claims has fallen from ₦202,500 in...

The Digest: Nigeria's headline inflation rate has declined for the sixth consecutive month, falling to 18.02% in September 2025 from 20.12% in August. The latest data from the National Bureau of Statistics also revealed a notable -1.57% month-on-month drop in food inflation, offering a glimmer...

The Digest: The Centre for the Promotion of Private Enterprise (CPPE) has warned that food prices persist at a high level, casting a Statistics's Shadow over the fourth consecutive decline in Nigeria’s headline inflation. The CPPE's Director, Muda Yusuf, stated that unresolved structural...

The Digest: Food prices have surged in Lagos markets in July 2025, with onions, rice, and pepper seeing significant increases. The latest Nairametrics Food Price Survey highlights the factors driving inflation, including logistics, supply chain disruptions, and seasonal factors. Key Points...