“This means that in June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024,” the agency said.
Browsing: Food prices
Some farmers in the FCT have attributed the continuous rise in food prices to lingering insecurity, the high cost of transportation and the paucity of farm inputs.
The significant price hikes in essential commodities such as rice, bread, sugar, garri, beef, and eggs have notably strained household budgets, making it increasingly difficult for many families to afford three meals a day.
Canteen and restaurant owners in Lagos State have decried the rising cost of beans as they seek the Federal Government’s intervention over the staple food.
In Sokoto State, rising meat costs at abattoirs are forcing butchers to adapt and customers to cut back. As sellers turn to suya to manage stock, residents struggle with increased expenses, highlighting broader economic and health issues in Nigeria.
The National Bureau of Statistics (NBS), says prices of rice, garri, tomato, beans, yam and other food items increased in…
“We have quite a lot of wastage in this country, not only among FMCGs (Fast Moving Consumer Goods); even the commodity sector, you have quite a lot of wastage.
The National Bureau of Statistics (NBS) has said that prices of beef, rice, beans, onion, white garri, yam, bread, and…
ASHENEWS reports that prices of fruit and perishable produce have skyrocketed in Kebbi state.
In a recent report released by the National Bureau of Statistics (NBS) in Abuja on Tuesday, it has been revealed…