Southwest Nigeria: Kwara State sees onion prices skyrocket freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.
Based on our time series model and market survey, headline inflation is likely to increase to 18.2% in the month of May from 18.12% in April.
The earlier news that headline inflation slipped marginally in April 2021 was received with a certain amount of skepticism by analysts.
This was mainly due to the fact that anecdotal proxies seemed to be running contrary to the data. The question on the minds of most analysts is if this drop was a blip or a trend.
What also raised eyebrows was the statement by the FAO that global food prices are at a 10-year high of 4.8%.
Global food prices hit 10-year high as Nigeria suffers heavy shortages thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
Lamentation in Kwara as bag of onion hits N22,000 dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.