inflation

Price of bag of local rice rises 152% to N95,738

Price of bag of local rice rises 152% to N95,738

By Elizabeth Adegbesan The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853 in September 2023. Data from the National Bureau of Statistics, NBS, ‘Selected Food Price Watch’ for September 2024 showed that the price of 1 kilogram (Kg) of local rice stood at […]
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Inflation rate eases to 33.4% in July

Inflation rate eases to 33.4% in July

‘This rise is attributed to increased prices for items such as semovita, yam flour, wheat flour, yam, Irish potatoes, groundnut oil, palm oil, and various beverages’