World food prices drop 2% in 2024 – FAO
World food commodity prices declined by 2.1 percent in 2024 compared to the previous year, the FAO said on Friday, but they remain considerably higher than before the Covid-19 pandemic.
Reps’ bill seeks to compel FG to regulate food prices, others
By Tordue Salem A proposed law to compel the Executive Arm of government to regulate prices of food and other items, in order to guarantee food security and lessen the economic hardship on majority of Nigerians, is underway in the House of Representatives. The Bill seeking that regulation, as Exclusively obtained by VANGUARD, is entitled: […]
Despite declining inflation, prices of beans, garri show sharp rises — NBS
Further insight into Nigeria’s inflation figures has indicated that basic food items were the inflation leaders in the last month’s figures published by the National Bureau of Statistics (NBS). The staples are beans and garri which are mainly consumed by low income earners.
Food prices rise in April despite fall in inflation
The prices paid by consumers for rice, egg, tomatoes and yam rose in April despite 0.91 month-on-month (MoM) fall in food inflation sub-index during the period.
Food prices push inflation to 17.33%
By Emmanuel Elebeke The National Bureau of Statistics, NBS, says the consumer price index (CPI) which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The rise is 0.86 per cent points higher than the rate recorded in January 2021 (16.47) per cent. In its monthly report released on its website, the bureau […]
Skyrocketing food prices, dollar shortage drive up inflation to 14.2%
Skyrocketing food prices and scarcity of foreign exchange (FX) have emerged as the main drivers of soaring inflation and analysts see additional factor of fuel price and electricity tariff increases pushing steeper rise in the months ahead.
