• CBN: Households to Spend Over Half Their Income on Food
• Rising Inflation Forces Nigerians to Allocate Majority of Income to Food

CBN: Households to Spend Over Half Their Income on Food Due to Inflation Surge

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  admin / 8 months
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• 3 min read

Nigerian households are expected to spend the majority of their income on food in the coming months due to rising inflation, according to a recent survey conducted by the Central Bank of Nigeria (CBN). The latest data from the National Bureau of Statistics (NBS) places the inflation rate at 33.40 per cent, with food inflation […]