NewStats: 3,264,243 , 8,183,110 topics. Date: Tuesday, 10 June 2025 at 10:38 AM 3k2b4k

The reduction in the prices of Garri, Akpu(fufu), milk, and other items pushed Nigeria’s food inflation to fall by 39.53 percent in July 2024 from 40.87 percent in June of the same year.

The National Bureau Statistics July’s Consumer Price Index and Inflation data was released on Thursday.

On a month-on-month basis, the country’s food inflation rate in July 2024 was 2.47 percent, which shows a 0.08 percent decrease compared to the 2.55 percent rate recorded in June 2024.

NBS explained that the fall in food inflation can be attributed to the decline in the average prices of Garri, Akpu(Fufu), tin milk, Mudfish fish, fresh fish, date Palm fruit, Watermelon, turkey meat, and minced pork.

Meanwhile, on a year-on-year basis, July’s food inflation was 12.55 percent higher compared to the rate recorded in the corresponding Month last year.

DAILY POST earlier reports that core inflation exclusion food inflation dropped by 0.79 percent to 33.40 percent in July compared to 34.19 the previous Month.

https://dailypost.ng/2024/08/15/prices-of-garri-fufu-and-others-drop-as-nigerias-food-inflation-fall/

adamusuleiman3:

https://dailypost.ng/2024/08/15/prices-of-garri-fufu-and-others-drop-as-nigerias-food-inflation-fall/

Did you read this report as well?

seunowa:
↪Bismarck Rewane, an economist and the Executive Director of Financial Derivatives, has said the prices of tomatoes and pepper dropped to N60,000 per basket amid the hunger protests.
Rewane, who is also a member of the Presidential Economic Coordination Council, disclosed this on Thursday in an interview with Channels Television.
According to him, the drop represents a significant price reduction when compared to the N130,000 to N150,000 a basket of tomatoes and pepper sold two to three weeks ago.
He, however, noted that the food items were sold out at perishable value.
According to him, the prices of tomatoes and pepper may increase again as business activities return to normalcy in Nigerian markets post-protests.
“Our team went into the market Yesterday(Wednesday), percent drop in the price of tomatoes to down to N60,000 per basket, the price was bold two to three weeks ago.
“Pepper has come down to N60,000 by 57 percent. I think that these are perishable goods. Because of the protests and the restrictions on movement, the goods that are on the farm are not getting to market and the ones in the market are being sold off.
“What I think will happen is that in the next few days, the price of tomatoes and peppers will increase again. Right now it is the perishable value that will be seen in the market,” he said.
Recall that in the past week, protesters had taken to the streets in major Nigerian cities, demonstrating against the rising cost of living in the country

They've started their lies again o...

Which fall?

Me wey dey inside market like this?😂.

Pics attached


Be like I go show Iya Adewolo and Bashir this daily Post report o.

Make she fit sell NBS price for me😂

See beans sef.

Na 3300 per mudu. I swear

Abeg which market this stuff de fall

Naira20:
They've started their lies again o...

😂

propaganda...

this is how they are governed in the ZOO..

Propaganda and palliatives

When it comes to propaganda give it to APC.


Nothing good ever comes out of that party.

This one is for the agbado squad, make dem use am hold bodi

Price of food is only falling on paper, the reality is totally different.

On the bright side, Ronu Miscreants now have talking points to use in defending their lord and paymaster for the next two weeks. Until hunger reset their brain again.

post=131523595:





Why other nairalanders on food section that go to the market everyday are testifying to this.
These ones are shouting na lie na lie from lying down on the mat in their villages.
No good news about Nigeria make them happy,
All because they lost an election.
People dey oooo

This one will come here to spew propaganda, APC mechanised bots on nairaland will pour likes and shares for him. The aim is to deceive unsuspecting readers into thinking that other readers co-sign his gibberish. Ask him to provide proof of the so-called "people in the food section that go to market everyday", you won't see him.

It's a lie oh

I am just coming from the market now now . . .

Garri is still 3,000 a paint
Beans is still 8,500 a paint
Rice is now 8,000 a paint
if you give a fowl fufu of 500 naira today it will do heavy shakara, look at you from up to down, hiss and cross the road to your neighbours house to pledge it's loyalty to them

Nothing is coming or has come down

APC should stop paying the editorial teams of dailies to whitewash their failure in government

fobiflex:

At my side over here at ojo ajangbadi lagos, garri is sold at 3400 per paint o, na half paint man fit even try buy for 1700. Na only una know where the food the drop o

Shebi una dey hear am? leave mannababaqgrillz and him darling daddy RoNu disciples to dey yarn okpata for us here

Long overdue

Hey hey hey.... Make Una stop dia. Which price of food reduce... Or the price is increasing everyday.

I never believed anybody cld be worse than Buhari but Tinubu proved me wrong.

Iroooo

Harvest season...!

May it be sustainable. The suffering don too much abeg.

In their illusionary market

Ronu people and APC will masturbate over this for two years

GOOD NEWS!

Very Good Development

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey and a side of Delicious Barbecue 😋.

God bless Nigeria 🇳🇬 and all honest, hardworking Nigerians.
The land will favour you guys.
For thr naysayers, the children of hate. Frustrations and perdition, what they wish our darling nation will befall them and their household a million folds.
No be curse,
Na FACT 🇳🇬

Again,
GOD BLESS NIGERIA 🇳🇬

We Rise ✔️

atiku4President:
APC will masturbate over this for two years

Kiddo, come on.
Keep silent if you have nothing reasonable to contribute.

Mr 40K likes and share,
(we laff tire for dat comment).
kiddo extraordinaire 😃 😀 😄

SeeWahala:
It's a lie oh

Naira20:
They've started their lies again o...

RuggedBiafran:
propaganda...
this is how they are governed in the SW....
Propaganda and palliatives

Why other nairalanders on food section that go to the market everyday are testifying to this.
These ones are shouting na lie na lie from laying down on the mats in their villages.
No good news about Nigeria make them happy,
All because they lost an election.
People dey oooo.
May God helep una from hatred and bitterness against the only place you can call your country.
Amen.

Tflex01:


That is the problem. It is very important that we understand the impact of social media in price of commodities these days.

People are very quick to spread the news of "one yam is now 20k" but will ignore the one that says she buys ten yam for 5k and even call them a liar.

Unfortunately when another seller that suppose to sell his own cheaper sees the post of 20k, he quickly jerk his market up to 20k as well even if he's profitable at the normal price.

Social media is playing a direct role here.

God bless you.
You've said nothing but the truth here.

Embittered Bitter grievingory Obi people are already mourning and grieving over the news. Good news makes them miserable and pathetic. Bad news makes them happy

adamusuleiman3:


https://dailypost.ng/2024/08/15/prices-of-garri-fufu-and-others-drop-as-nigerias-food-inflation-fall/

lienus Mohammed

Ehen?
.
Oya oo, make common man implement!

For where the price drop

Good time is coming.

I haven't seen d price of food stuffs reduce here in Nasarawa.....infact, provision goods are secretly adding more prices to their stuffs....rice n beans still no be here

post=131523595:


While other nairalanders on food section that go to the market everyday are testifying to this.
These ones are shouting na lie na lie from lying down on the mat in their villages.
No good news about Nigeria make them happy,
All because they lost an election.
People dey oooo

That is the problem. It is very important that we understand the impact of social media in price of commodities these days.

People are very quick to spread the news of "one yam is now 20k" but will ignore the ones that say they buy ten yam for 5k and even call them a liar.

Unfortunately when another seller that suppose to sell his own cheaper sees the post of 20k, he quickly jerk his market up to 20k as well even if he's profitable at the normal price.

Social media is playing a direct role here.

We want further drop please..


Things are still very expensive

Life non balance balance tru tru. Farmers will be doing thanksgiving as the past year has been one of their most profitable year whereas the people will be shouting and protesting about hunger and high cost of food.

Naira20:
They've started their lies again o...

Even if it's true
This kind drop no follow abeg
The dropping should be systematically
Or ......

Which market p

Lie lie Mohamed. This is what we call Lie-nus Sacramento

This government self. Na by propaganda they wan dey go? Ok make dem continue