Food inflation persists in June
Nigeria’s food inflation rate continued to rise, reaching 17.52 percent in June, up from 16.96 per cent in the previous month, according to a report from the National Bureau of Statistics.
The Consumer Price Index (CPI) report released on Wednesday shows that on a month-on-month basis, the food inflation rate in June 2026 was 3.75 percent, an increase of 0.77 percentage points from May 2026 (2.98 percent).
The Bureau attributed this rise to shifts in the average prices of various items, including crayfish, fresh pepper, tomatoes, dried green peas, yam flour, water yam, beef, banana, cassava flour, cowpea, garri, Irish potatoes, and yam tuber.
Regional variations in food costs
On a year-on-year basis, food inflation was highest in Kogi (53.02 per cent), Niger (43.83 per cent), and Benue (40.83 per cent). Conversely, Katsina (19.15 per cent), Rivers (23.81 per cent), and Imo (24.60 per cent) recorded
This post was originally published on this site.
