BUSINESSInflation: Experts tackle Tinubu govt over rising poverty, hunger

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Nigeria’s untamed rising inflation under the government of President Bola Ahmed Tinubu in the last nine months has worsened the citizens’ misery.


Friday last week, the National Bureau of Statistics Consumers’ price index and inflation report showed that Nigeria’s headline inflation rose to 31.7 per cent and food inflation jumped to 37.95 per cent.

CPI measures the average change in the prices of food and services consumed by people in daily living

With headline and food inflation skyrocketing to 31.7 per cent and 37.95 per cent, respectively, it showed that most Nigerians’ living cost and misery index had worsened.

A further Year-on-year analysis showed that headline inflation rose by 9.79 per cent compared to the 21.91 per cent recorded in February 2023.

Also, food inflation rose by a whopping 13.57 per cent compared to 24.45 per cent recorded in February 2023.

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