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Inflation: Nigerians groan as food prices skyrocket


 
Traders in Abuja told
Daily Trust that there has been a price increase in food commodities since the last three months even though the price of rice has been stable to no increase since the last five months.
A provisions seller, Ahmadu Tijjani, told our correspondent that they were not given reasons for the hike in the price of some of the goods, stating that since food commodities are essential people would still buy even if they have to reduce their purchasing capacity.
According to Tijjani, there is a 20 per cent increase of a good formerly sold for N1, 000 while a 50cl pack of Coca Cola has increased to N1700 from N1600, adding that a local measure of beans that previously sold for N500, N450 is now selling for N800, N650. ....

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