How food prices surged across Nigeria in February amid cash crunch – Report

The National Bureau of Statistics (NBS) on Friday said the prices of some food items in Nigeria increased in February.

The increase in food prices came amid the uncertainties faced by Nigerians due to the scarcity of the redesigned Naira notes.

The inflation rate rose to 21.91 per cent in February compared to 21.82 per cent in January. The February inflation rate showed an increase of 0.09 per cent points when compared to January’s headline inflation rate, NBS said in its inflation report.