Supermarkets ‘actively shielding’ shoppers as food inflation falls again

Food inflation fell again in July to its lowest level in nearly five years, as retailers claim they are “actively shielding” consumers from worse price rises. The rate of food price inflation slipped to 1.3 per cent last month, down from 1.7 per cent in June, to reach the lowest point since September 2021.  Industry…

[Premium Times] The latest NBS data show a slower increase in overall consumer prices, but food inflation accelerated sharply, with monthly food inflation rising to 5.56 per cent from 3.75 per cent in June.

The latest NBS data show a slower increase in overall consumer prices, but food inflation accelerated sharply, with monthly food inflation rising to 5.56 per cent from 3.75 per cent in June.

Nigeria’s headline inflation rate fell to 15.43% in July from 15.91% in June, NBS disclosed in its Consumer Price Index (CPI) report