Food inflation eases as FMCG prices stabilise – Report
Nigeria’s food inflation eased to 19.57% in August as prices for fast-moving consumer goods (FMCG) remained stable, a new report has shown. Read More: https://punchng.com/food-inflation-eases-as-fmcg-prices-stabilise-report/
National food inflation eased to 19.57 per cent in August as prices across fast-moving consumer goods remained stable, according to the latest priceandpromo FMCG Momentum report. The report tracked 110 FMCG food products and found that nearly eight in 10 recorded no month-on-month price movement. Overall FMCG momentum stayed within the Stable range, with 79 per cent of tracked products recording no monthly price change, while 12 per cent declined and nine per cent increased.
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