Nigeria’s imported food inflation hit 42 per cent in November 2024, according to the Consumer Price Index report released by the National Bureau of Statistics. This amounts to a significant rise from 23.74 per cent recorded in November 2023, marking an 18.55 percentage year-on-year increase. On a month-on-month basis, the inflation rate rose from 40.96 […]

The post Imported food inflation surges to 42% as FG’s duty waiver yet to come on stream first appeared on Business Hallmark.