Nigerians To Spend More On Food, Other Household Items In Next 6 Months
The Central Bank of Nigeria has announced that Nigerian households are likely to allocate a substantial portion of their earnings to food expenses over the next six months, driven by rising inflation. According to the National Bureau of Statistics, the current inflation rate stands at 33.40 per cent, with food inflation exceeding 40 per cent. The survey, conducted between July 22 and 26, 2024, involved 1,665 households across the 36 […]
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