A new report by NBS, Nigeria’s statistics office, said that composite food index rose by 18.34 per cent in October 2021 compared with 17.38 per cent in October 2020.
The nation’s headline inflation was also put at 15.99 per cent, marking a second-month consecutive decline, the office said.
The data was relayed by Simon Harry, the Statistician-General of the Federation on Monday in Abuja at a media conference while presenting the October Consumer Price Index (CPI).
The report attributed the rise in the food index to increase in prices of food products such as…
