Date: June 03, 2020, 07:24:57 PM
Naira drops against dollar as inflation hits 17.6%: Business : Nigerialog.com - Nigeria's Premier Online Forum
“In July the Consumer Price Index which measures inflation increased by 17.1 per cent (year-on-year), 0.6 percentage points higher from the rate recorded in June (16.5 per cent),” the report had read in part.
This is a period of harvests for some foodstuffs but yet the prices of the foodstuffs are high...energy prices does not affect food prices completely... Farmers or producers of the foodstuffs are just trying to be selfish with the prices of foodstuffs.. they put the blame on dollars which is not nessarily their main means of exchange