WebJun 14, 2024 · The skyrocketing food prices are affecting a lot of Nigerians. The purchasing power of the naira is dwelling and therefore affecting so many people. According to the Nigeria Bureau of Statistics, food inflation in May 2024 rose to 18.37 per cent which is an increase compared to the 17.2 per cent recorded in the previous month. WebFood prices remain significantly higher than average and last year due to poor macroeconomic conditions, high fuel costs, above-average market demand, and high global food prices. Annual inflation remains high, at 17.71 percent in May, while the NGN continues to depreciate. ... Across Nigeria, conflict in mid-2024 is occurring at higher …
Nigeria Food Security Outlook, June 2024 to January 2024
WebMar 29, 2024 · Nigeria Price Bulletin, March 2024. The Famine Early Warning Systems Network (FEWS NET) monitors trends in staple food prices in countries vulnerable to … WebSep 28, 2024 · Food inflation increased steadily in 2024 and reached an annual rate of 23 percent in August 2024. The high inflation level reflects market disruptions, mostly related to insecurity in the north, increased production costs and high prices of fuel, and imported food products, supported by increasing trends in international markets and a ... theater dancer
Current Prices of Commodities in Nigeria (April 2024)
WebAs of June 2024, the food inflation rate in Nigeria stood at around 20.5 percent compared to June 2024. ... Change in food prices in African regions 2024-2024; Change in food prices in Sub-Saharan ... WebNov 15, 2024 · However, these current prices of food commodities in Nigeria can have a major effect on the value of the main stock and the overall market. Noting and following up on these prices help you keep a tab on the market, either s an investor or a regular buyer. ... 2024. Prices of commodities in Nigeria vary heavily with the location. For instance ... WebMar 16, 2024 · Nigeria's inflation has been in double-digits since 2016, impacted by food-related pressure and currency weakness. Analysts expect flour prices to climb to 30,000 naira ($72) per bag next quarter ... the god of light in zoroastrianism