The price of rice, onions, yam, cooking gas, and pasta sky rocketed in November compared to the previous month as traders across markets in Lagos State complained of low patronage despite the yuletide season just around the corner.
The recent increase in the price of food items has been attributed to seasonal fluctuations as well as limited supply in the market, which is overwhelmed by customer demand. However, traders have also complained about the decline in sales turnover, attributing it to the dwindling purchasing power of average Nigerians.
While the price of major food items like onions, yam, and pasta recorded a marginal increase in the review period, some other food items such as garri, beans recorded price decline compared to the previous month.
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