Nigeria is facing a more fundamental supply shock, which alongside the rising transport costs is likely to drive higher food prices.
Sellers attribute the decrease in the price of tomatoes to a glut in supply.
A combination of weaker farming activity, Naira weakness and covid-19 lockdowns are behind the uptrend in food inflation.
The report contains information on items that witnessed price increase, price decrease, as well as insights.
Pressures in the food basket has led to Nigeria's inflation surging high in the past few months.
The government imposed lockdown has disrupted the movement of food cargoes across the country and will ultimately lead to a food crisis.
The SBM Jollof Index for Q1 2020, which was recently released, has shown that Nigerians are spending more on food items amid the Coronavirus lockdown.
Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.20% (year-on-year) in February 2020. This is 0.07% higher than the...
Nigeria’s inflation rate rose year on year to 11.98% in December 2019. According to the NBS, the rise in the food index was caused by increases in...
Locally-produced rice in Nigeria has gained huge momentum, as Nairametrics Research Team found that various brands of local rice have now flooded major markets in the...
