OMG! Nigeria is part of countries with highest food inflation in the world

  • The inflation of domestic food prices is still strong, according to a recent World Bank research.
  • The rise of food prices across the country outpaced the overall inflation rate in 46.7% of the 167 nations
  • According to the report, the 10 countries with the highest food price inflation, in real terms, include Nigeria and others

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

A recent World Bank research on domestic food price inflation, which is determined by comparing the rise in a nation’s Consumer Price Index (CPI) for food items from year to year, has revealed new findings.