Tag: Rice
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Local Rice Prices Skyrocket by 137% Amid Rising Food Inflation
The National Bureau of Statistics (NBS) has reported a surge in rice prices, with local rice experiencing a 137.32 per cent year-on-year increase in October 2024. The average price of local rice has jumped from N819.42 in October 2023 to N1,944.64 in October 2024, a pointer to the intense inflationary pressures facing Nigerian households. Kogi…