Business News

Food Inflation Slowing Down—Wale Edun

wale edun senate committee

By Adedapo Adesanya The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said Nigeria’s food inflation has started easing despite rising to 40.01 per cent in March 2024 on a year-on-year basis. On Monday, Business Post reported that the latest report from the National Bureau of Statistics (NBS) on the Consumer Price Index (CPI) for last month showed that the food inflation rate in March 2024 stood at 3.62 per cent, showing a decline of 0.17 per cent from February 2024, when it was 3.79 per cent However, on a year-on-year basis, food inflation reached