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Home Business News

Boom: Prices of Milk And Cocoa Beverage Refill Packs Spike Around Lagos

Nairametrics by Nairametrics
February 13, 2017
in Business News
Boom: Prices of Milk And Cocoa Beverage Refill Packs Spike Around Lagos
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Nairametrics| Prices of refill packs for milk and cocoa beverages spiked in the last two weeks according to data collated by Nairametrics. We track prices of household food items every two weeks from some of the major markets in Lagos.

According to data gathered from various markets the price of Dano and Three Crowns refill now sell for N800 each compared to N700 and N650 respectively two weeks ago. These products both went for N600 and N700 respectively in September 2016. We also observed price increases for Loya refill (7%) and Coast refill (8%) with both now selling for N750 and N700 respectively.

Milo, Bournvita, Ovaltine and Nescafe also recorded spies of about between 6%-7% in the period under review further reducing the purchasing power of most Nigerians. Most Nigerians rely on these beverages for their breakfast and will either have to reduce the amount of usage or chip in further at their disposable income to afford them.

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You can get the full data here of prices in this article.

Tags: Consumer Goods
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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