The National Bureau of Statistics (NBS) says prices of Garri, yam, ‘Akpu’ and other food items increased in March.

The bureau disclosed this in a report titled Consumer Price Indices Report for March 2024, released on Monday.



The report shows that the prices of food items have skyrocketed, leaving many people unable to afford staple foods.



On food inflation, the bureau said: “The food inflation rate in March 2024 was 40.01 percent on a year-on-year basis, which was 15.56 percentage points higher compared to the rate recorded in March 2023 (24.45 per cent).


“The rise in food inflation on a year-on-year basis was caused by increases in prices of the following per cent items:

“Gari, millet, Akpu uncooked fermented (which are under the bread and cereals class), yam tuber, water yam (under potatoes, yam, and other tubers class), dried fish sardine, and mudfish dried (under Fish class).

“Palm oil, vegetable oil (under Oil and Fat), beef feet, beef head, liver (under meat class), coconut,

watermelon (under Fruit Class), Lipton tea, Bournvita, Milo (under coffee, tea, and cocoa class).

Further analysis of the report showed that Southern states, led by Abia and Cross River, recorded the highest food prices on a Month-on-Month basis.


On the other hand, states within the North East (Borno and Yobe) recorded the lowest food inflation during the time.


“On a Month-on-Month basis, however, March 2024 Food inflation was highest in Abia (5.17 percent), Cross River (5.14 percent), Bayelsa (4.75 percent), while Borno (1.59 percent), Yobe (2.08 percent) and Adamawa (2.12 percent) recorded the slowest rise in Food inflation on Month-on-Month basis.”

https://www.vanguardngr.com/2024/04/garri-yam-akpu-lead-in-food-inflation-as-abia-tops-with-5-17-nbs/

COMRADES Tinubu is incompetent in all ramifications

Thief'nubu

" I developed Lagos from the Slums " I built Lagos"..

..Those people that were told to pray for the emilokan mandate thieves should continue to do so..

..while those told to be Patient should continue to be Patient..

Nigerian consumer protection council are not doing their jobs

Melagros:
COMRADES Tinubu is incompetent

Not just incompetent, but a monumental failure.

AqualinaXYZ:
And you’ll never see Abians come to social media to cry unlike one region





Torr

Who told you that? Many of them are lamenting here.

Garry, Yam, and Akpu are the staple food in Eastern Nigeria. Any increase in the price of these commodities spells doom to the living standard of the average family in the region.

Dollar is affecting yam, akpu and garri ;

Paraman:
Dollar is affecting Yam and Garri

It's called a balancing effect. The rich should not depend on the poor to always feed them in the case of Nigeria where rich families are nowhere investing in farming leaving the bulk of the job to peasant farmers.

Poor people have learned that their agro products can be a source of living and help train the children in schools and get them cars and landed properties. If you don't like the cost of food, you are free to jump into the lucrative farming business to force the prices down. This is simple economics, a demand-supply curve.

These are the basic staple foodstuffs the common man depends upon. Dollar going down but food inflation and insecurity everywhere

Shey na statistics we go chop🤓?

Una mind go dey!

Ndi ala!

Painter of garri sold for 3,000 naira last week Friday in Aba.

Racoon:
These are the basic staple foodstuffs the common man depends upon. Dollar going down but food inflation and insecurity everywhere

The two issue didn't start under Tinubu. Tinubu will solve the issues sha.

Surge in demand

Na dem

seunowa:

Who told you that? Many of them are lamenting here.

Leave that one, let him keep chestbeating on social media, real life dey expose them.

MadamExcellency:


It's called a balancing effect. The rich should not depend on the poor to always feed them in the case of Nigeria where rich families are nowhere investing in farming leaving the bulk of the job to peasant farmers.

Poor people have learned that their agro products can be a source of living and help train the children in schools and get them cars and landed properties. If you don't like the cost of food, you are free to jump into the lucrative farming business to force the prices down. This is simple economics, a demand-supply curve.

Please stop capping, this is nothing but greed-pull inflation. The excuses of dollar is no longer tenable, your new excuses is that "the peasant farmers want to make a living off the rich by hiking prices", how ridiculous. These are subsistence farmers that do not determine market prices. By the time the producers who produce food on industrial scale reduces their prices, these peasant farmers will fall in line.

MadamExcellency:
Garry, Yam, and Akpu are the staple food in Eastern Nigeria. Any increase in the price of these commodities spells doom to the living standard of the average family in the region.

this is very bad in East garri, akpo just high nobi small thing

PressMyButton:

Please stop capping, this is nothing but greed-pull inflation. The excuse of dollars is no longer tenable, your new excuse is that "the peasant farmers want to make a living off the rich by hiking prices", how ridiculous. These are subsistence farmers who do not determine market prices. By the time the producers who produce food on an industrial scale reduce their prices, these peasant farmers will fall in line.

Go and join the business and make money. Lazy youths. After engaging in stealing and corruption in high places, the weight of mismanagement of the country should be borne by peasants. Produce your food and stop complaining.

Where are the government agricultural extension officers we had in the 70s and 80s? Where are improved seedlings? Where are the fertilizers? Abeg, go and rest.

MadamExcellency:


Go and join the business and make money. Lazy youths. After engaging in stealing and corruption in high places, the weight of mismanagement of the country should be borne by peasants. Produce your food and stop complaining.

Where are the government agricultural extension officers we had in the 70s and 80s? Where are improved seedlings? Where are the fertilizers? Abeg, go and rest.

Why is Abia topping food inflation if not for greed?, can they even feed themselves?. If i want to be as greedy, i'd go to the north, buy wholesale and sell in the south for good money. There's a reason government is clamping down on trucks diverting food grains across the northern borders. Like i said, when those producing food on industrial scale bring down their prices, the peasant farmers in Abia will queue behind real quick.

Paraman:
The two issue didn't start under Tinubu. Tinubu will solve the issues sha.

You may have mental problem. Check yourself very well, seriously, you may have it