To most Nigerians, ‘good food’ is the hallmark of an exciting and meaningful Christmas celebration. As a result, this time of the year witnesses amplified efforts and a certain type frenzy in markets across the country by residents who shop for foodstuffs to entertain guests.
This year, the rush to purchase food items took a different turns as many residents groaned under the weight of high food prices, worsened by huge costs of transportation.
Since the year began, Nigeria’s economy has seen a consistent surge in inflation which now stands at 21.47 percent.
According to the National Bureau of Statistics (NBS), food inflation rose to 24.13 percent in November, an uptick compared to the 23.72 percent recorded in the preceding month.
Consequently, to ascertain the level of inflationary pressure on consumers and sellers during the yuletide, TheCable carried out a market survey on some food items in Lagos markets.
The survey, conducted in Oyingbo, Mile 12, Ile-Epo, and Ikotun markets, cpatured concerns raised by traders on the slow pace of sales due to fluctuations in prices throughout the year. Consumers also described dealing with the ridiculous prices as “a big challenge”.
