Tag: food inflation
Nigeria’s headline inflation witnessed another uptick in November to 11.85, while food inflation rose to 14.48 per cent as the country continues to grapple with the impact of the closed land borders. Ayodeji Balogun, Country Manager for Afex Commodities Exchange joins CNBC Africa for more.
Nigeria’s inflation came in at 11.4 per cent in December 2018, a seven-month high from 11.28 per cent recorded in November. Food Inflation was higher at 13.56 per cent from 13.3 per cent in November. Peju Siyanbola, Research Analyst at FSDH Merchant Bank joins CNBC Africa to unpack the numbers.
Nigeria's composite food inflation index came in at 12.85 per cent in July, representing the 10th consecutive decline in year on year food inflation since September 2017. Earlier, CNBC Africa's Wole Famurewa spoke to Chike Nwagwu, CEO of Novus Agro to assess the food sub-index of Nigeria's July inflation figures.