Hike in prices of rice, beer, grain push Nigeria’s food inflation to 37.77%

Oct. 15, 2024 - Daily Post Nigeria

The increase in the prices of rice, maize, grains, beers, beverages, yam and oil pushed Nigeria’s inflation to 37.77 percent in September 2024.

This is according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation report released on Tuesday. According to the data, the country’s inflation rose by 7.

13 percent to 37.77 percent in September 2024 from 30.

64 percent in the corresponding period last year. Similarly, month-on-month food inflation increased from 0.

26 percent to 37.77 percent in the month under review from 37.

52 percent recorded in August 2024. Earlier, DAILY POST reported that Nigeria’s headline inflation rose to 32.

70 percent in September from 32.15 recorded in the previous month.

..