Experts across Nigeria have continued to raise concerns over the soaring prices of food items across the local markets as Nigeria’s food inflation continues to skyrocket recording an increase of 23.12 per cent in August from 22.02 per cent in July 2022.

According to figures by the National Bureau of Statistics food inflation rose to its highest level since 2005 when it was 24.56 per cent.

The National Bureau of Statistics said the price of selected food items has increased in the last twelve months. 

Its selected food price watch for the month of August 2022 shows that the average price of 1kg beef (boneless) rose by 26.09 per cent on a year-on-year basis from N1,698.18 in August 2021 to N2,141.18 in August 2022. 

“Any business who sells durable goods that are not considered a necessity like foods, their sales will drop and the economy will suffer. Even the foods people buy will become more selective, they won’t buy expensive foods, the food market will also suffer a general increase in prices of necessity which food is one of them, will cost a downward drag on the economy.”


https://punchng.com/food-inflation-rose-by-23-12-august-experts-react

Meaning more food insecurity. No thanks to the useless govt economic policies and blockade of land borders, bandits, and BH terrorists taxing, maiming and killing farmers thereby affecting food availability

Food no dey.

That's why we are doing OBIdient rally. We must Kick out APC next year

The hardship is too much. 10k can't prepare decent soup for a family of 3 now

Buhari should do something fast to reverse this ugly trend

ican2020:
Buhari should do something fast to reverse this ugly trend

Don dey too late.
Mynd44, Lalasticlala.