Foodstuff Prices Soar In Kwara Despite Drop In Inflation

Date: 2021-08-23

Despite the consistent drop in the inflation rate in the country, the prices of foodstuff have continued to rise in Kwara State.

The National Bureau of Statistics (NBS) on Tuesday through its latest Consumer Price Index (CPI) said the inflation rate in July dropped by 0.37 per cent to 17.38 per cent; the lowest in six months.

But Daily Trust checks across various markets in Kwara metropolis showed high rate of lamentation as traders continue to groan over what they term consistent and persistent increase of prices of foodstuff for months.

At Mandate Market, a trader, Hajia Arinola Ibrahim, said a bag of rice sold for N24,500 and a carton of spaghetti went for N5,600 from N5,200, adding that Golden noodles was sold for N2,100 from N1,800, while the price of Indomie ranged from N2,500 to N2,600 per carton.

It was observed that a 25-litre gallon of vegetable oil was sold for N27,000, while one litre went for N900. Five litres of palm oil was sold at N3,600 from N2,800.

At the Oja-Oba Market, Ilorin, Spaghetti (Crown) was sold at N5,800 from N3,200, while Golden Penny goes for N5,400 from N3,200. A bag of rice was sold at N24,000.

At the Obbo Road Market, a measure of rice sold for N2,200 from N1,100, while garri was sold for N300 from N120. Semovita (10kg and 5kg) goes for N2,500 and N5,500 respectively, while a gallon of vegetable oil is sold for N19,000.

According to many of the traders, the prices of foodstuff and commodities were increasing hourly.

Reacting to the issue, a leading economist in the state and former HOD of Economics, University of Ilorin, Prof Gafar Ijaya, said the figures provided by NBS might not necessarily mean a reduction in the prices of food.

Prof Ijaya said, "What was provided is only an aggregation of the general price leve. In most cases, we tend to isolate the cause or blame it on the government alone without looking at the artificial increase we caused ourselves because of greed."

"For instance, a 50kg bag of rice produced in Kebbi State for about N13,000 will be sold here for about N26,000. Do you blame the government for that or retailers?

"So the marginal drop in the inflation according to the NBS may not be as a result of the prices of food, but other items."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Tsaragi-Share     Zulu Gambari     Unilorin     Ado Ibrahim     John Olobayo     Centre For Peace And Strategic Studies     Riskat Opakunle     Baaziki Sulaiman     Code Of Conduct Bureau     Curfew     Toyin Abdullahi     08001000100     Dorcas Afeniforo     Hassan Oyeleke     Adedeji Onimago     COVID-19 Palliatives     Saliu Ajia     Usman Alkali Baba     Oba Mogaji Abdulkadir     Olabimpe Olani     Mashood Dauda     Omoniyi     Reuben Paraje     Surajudeen Akanbi     Kwara     Cornelius Adebayo     Sheikh Ridhwanullah El-ilory     Nigerian Medical Association     Sarafadeen Kayode Akorede     Yahaya Abdulkareem Babaita     Marufat Oladosu     Babaloja-General     Basit Olatunji     Hamid Bobboyi     Peter Obi     Mohammed Ajia Ibrahim     Afonja     Isiaka Gold     Lithium Deposit     Abubakar Atiku     Ibraheem Abdullateef     LABTOP     Kwara Politics     Baakini     Akeem Olatunji     Kayode Ishola     Abdullahi Adisa Akodudu     Afolabi-Oshatimehin     Afin Descendants Union Of Odo-Owa     The Herald     Monkey Pox     Yinka Aluko     Kolawole Akande     Muhammad Fawaz Abubakar     Abubakar B.M     Ibrahim Bio     Shade Omoniyi     Niyi Ogundiran     NSCIA     Elekoyangan     Muhammed Abdullahi     Ishak Mohammed Sabi     Dauda Adesola     Isapa     Dar-Al-Handasah Consultants     Sobi FM     AIT Ilorin     Quran     Abdulquowiyu Olododo     Amina Susa\'a De Ahmed     Sardauna     Ojuekun     Bolakale Kawu     Edu     Coalition Of Kwara North Groups     Matthew Babaoye     Abdulrazaq Magaji    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Oasis Muslim Care Foundation     Edu     Falokun-Oja     Bashiru Makama     CKNG     Modibo Kawu     Adesina Simon Sodiya     Aishat Sulu-Gambari     Binta Sulyman     Halidu Danbaba     SARS     Iponrin     Olugbense     Amuda Musbau     Ganiyu Abolarin     Code Of Conduct Bureau     A.E. Afolabi     Sabitiyu Grillo     Amusement Park     Abdulhakeem Adelaja Amao     Adisa Logun     Budo Egba     Bolakale Kawu Agaka     Tunji Moronfoye     Minimum Wage     Bibire Ajape     Kola Adesina     Hassan Taiye Salam     Saeedat Aliyu     Owu Fall     Village Alive Development Association     Abubakar Aliagan     Isiaka Yusuf     AbdulRaheem Ahmad Shayi     Gobir     Dauda Adesola     Code Of Conduct     Overland     Sheikh Hamzat Yusuf Ariyibi     Ayeyemi Sulaiman     Yemi Sanni     Shehu Adaramaja     Ajibola Ademola Julius     Idris Garba     BIR     Oniwa     Jaigbade Alao     Alaiye     Abdulrasheed Lafia     Pakata Development Association     Saheed Akinwumi     Ilorin.Info     Iyabo Dupe Adekeye     Dan Iya     Aminu Ado Bayero     LEAH Charity Foundation     Kamaldeen Ajibade     Ayotunde Emmanuel Alao     Abdulmajeed Wahab     Christopher Tunji Ayeni     Babatunde Ajeigbe     Forgo Battery     Saudat Abdulbaqi     Bluenile Associates     Yusuf Abdulraheem     Centre For Community Empowerment And Poverty Eradication     Aminu Adisa Logun     Belgore     Khadijat Ayoola Yusuf     Muhammed Danjuma     Oba Abdulkadir La\'aro     Abubakar Baba     Share/Tsaragi     Federal College Of Education (Special), Afon     Rotimi Oyedepo     Nigeria Computer Society     A.G.F Abdulrasaq