{"id":116057,"date":"2024-04-15T21:24:31","date_gmt":"2024-04-15T20:24:31","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerias-food-inflation-surges-by-40-01-in-march-nbs"},"modified":"2024-04-15T23:39:56","modified_gmt":"2024-04-15T22:39:56","slug":"nigerias-food-inflation-surges-by-40-01-in-march-nbs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs","title":{"rendered":"Nigeria\u2019s food inflation surges by 40.01% in March \u2013 NBS"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Nigeria\u2019s food inflation surged to 40.01 per cent annually, which is 15. points higher compared to the rate recorded in the corresponding month last year.<\/p>\n<p>The National Bureau of Statistics, NBS, disclosed this in its latest consumer price index and inflation report.<\/p>\n<p>The figure showed that the country\u2019s inflation surged by 3.62 per cent compared to the 37.92 per cent recorded in February.<\/p>\n<p>According to NBS, the year-on-year increase in food inflation was propelled by a rise in the prices of items such as Garri, Millet, Akpu Uncooked Fermented (which are under the Bread and Cereals class), Yam Tuber, Water Yam (under Potatoes, Yam, and other Tubers class), Dried Fish Sadine, Mudfish Dried (under Fish class), Palm Oil, Vegetable Oil (under Oil and Fat), Beef Feet, Beef Head, Liver (under Meat class), Coconut, Water Melon (under Fruit Class), Lipton Tea, Bournvita, Milo (under Coffee, Tea and Cocoa Class).<\/p>\n<p>Headline inflation rose to 33.20 per cent.<\/p>\n<p>The development comes amid the recent 240 per cent hike in electricity tariff for band A customers.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Nigeria\u2019s food inflation surged to 40.01 per cent annually, which is 15. points higher compared to the rate recorded in the corresponding month last year. The National Bureau of Statistics, NBS, disclosed this in its latest consumer price index and inflation report. The figure showed that the country\u2019s inflation surged by 3.62 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":116055,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,676,254],"class_list":["post-116057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nbs","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria\u2019s food inflation surges by 40.01% in March \u2013 NBS - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s food inflation surged to 40.01 per cent annually, which is 15. points higher compared to the rate recorded in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s food inflation surges by 40.01% in March \u2013 NBS\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s food inflation surged to 40.01 per cent annually, which is 15. points higher compared to the rate recorded in ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T20:24:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-15T22:39:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1713204287.64033.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s food inflation surges by 40.01% in March \u2013 NBS\",\"datePublished\":\"2024-04-15T20:24:31+00:00\",\"dateModified\":\"2024-04-15T22:39:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs\"},\"wordCount\":189,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1713204287.64033.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"NBS\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-food-inflation-surges-by-40-01-in-march-nbs\",\"name\":\"Nigeria\u2019s food inflation surges by 40.01% in March \u2013 NBS - 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