Nigeria TV Info 

Food Inflation Rebounds After Six-Month Pause, Climbs to 12.12%

Food inflation has resumed its upward trajectory after a six-month period of relative stability, rising sharply to 12.12% in the latest report. The increase signals renewed pressure on household budgets, especially for low- and middle-income families already grappling with high living costs.

According to recent data, the spike is largely driven by increases in staple food prices, including grains, vegetables, and protein sources. Analysts point to supply chain disruptions, rising transportation costs, and seasonal factors affecting agricultural output as key contributors to the surge.

Market surveys indicate that the cost of essential items such as rice, maize, tomatoes, and poultry has risen noticeably in recent weeks. Farmers have also cited challenges such as insecurity in food-producing regions, fluctuating fuel prices, and limited access to fertilizers as factors constraining production and distribution.

Economic experts warn that the renewed rise in food inflation could worsen food insecurity and deepen poverty levels if not urgently addressed. They have called on the government to implement targeted interventions, including subsidies for farmers, improved logistics, and enhanced security in rural areas.

In response, policymakers have reiterated their commitment to stabilizing food prices through agricultural reforms and strategic reserves. However, stakeholders stress that sustained and coordinated efforts will be necessary to curb further increases and ensure affordability for consumers.

As inflationary pressures mount, many households are already adjusting consumption patterns, opting for cheaper alternatives and reducing portion sizes to cope with rising costs.