- The prices of essential commodities such as bread, meat, fish, oil and yam, last month, became increasingly unaffordable for Nigerians
- According to the National Bureau of Statistics (NBS), the prices of essential commodities rose at a faster pace in January pushing up the inflation rate to 18.72%
- Commodities like bread, meat, fish, oil, yam and others which are driven principally by the impact of Naira devaluation and increase in prices of petroleum products have been rising persistently since 2015
The prices of essential commodities such as bread, meat, fish, oil and yam, last month, became increasingly unaffordable for Nigerians, as the inflation rate rose for the 15th consecutive month to 18.72% in January, 2017.