How El Nino could prolong food inflation
By DW
19 June 2023 |
5:04 am
The latest El Nino climate phenomenon has arrived, threatening floods in some areas of the world and droughts in others. Previous disruptive weather patterns cost the global economy trillions and stoked inflation.
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In spite of National Bureau of Statistics' report that inflation rate dropped in Nigeria in February, prices of food items show no sign of dropping, SBM Jollof Index and NBS report indicate.
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Traders across various markets in Nigeria have lamented the fast-growing inflation as food prices have continued to record an exponential growth in price. GuardianTV went to the market to speak with both sellers and buys about how expensive things have become.
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The latest El Nino climate phenomenon has arrived, threatening floods in some areas of the world and droughts in others. Previous disruptive weather patterns cost the global economy trillions and stoked inflation.
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