NAN reports that one litre of vegetable oil, which hitherto sold for N2,500 in Imo, now sells for N4,000, representing a 55 per cent increase.
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Also, at the Ubani-Ibeku Market, a basket of fresh tomatoes sells for N80,000, up from N50,000 and N60,000 a few weeks ago. “The government should also urgently address the problem of insecurity, especially kidnapping and killing so that farmers will return to their farms without fear,” Mrs Iroegbu said.
“I’m sure the ones presently selling for N15,000 will still go up to between N20,000 and N22,000 before and during Christmas,” she said.The disturbing market situation is not different in Imo, where the prices of palm oil, vegetable oil, and other food items have significantly shot up in the state’s markets with Yuletide approaching.
A custard container of Garri remained at N2,500 in the past few weeks, but a cup of beans rose to as high as N700 from a little over N500 a few weeks ago.A trader at the popular Eke Onunwa Market, Owerri, Ngozika Nwoke, said it was difficult to predict the prices of goods generally in the market.Another trader, Chigozie Mbawuike, attributed the inflation to “unstable petrol pricing and economic downturn”.
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