The rise in the prices of oil, bread and meat, the inflation crisis is paralyzing the world
Bakery & Bread
Meat
Published Nov 1, 2021
Original content
A new crisis has struck the world caused by high inflation, which was accompanied by a significant increase in the prices of all kinds of commodities, from energy to non-essential commodities and food. . Nigeria The crisis had major repercussions on the ten most developed economies in Africa. In Nigeria, whose economy is one of the strongest on the African continent, the Nigerian Bureau of Statistics announced at the beginning of the year that the rate of food price inflation jumped to more than 20%, recording the highest inflation rate ever witnessed. Nigeria at 11 years old. According to the Statistics Office, the increase in the inflation rate of food commodities was caused by the increase in the prices of bread, grains, meat, fruits, vegetables, fish, oils and fats. Economic analysts said that there are many reasons for this increase, the first of which is the repercussions of the outbreak of the Corona epidemic, in addition to the shortage of the US dollar. South ...
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