The Digest:
Food prices have surged in Lagos markets in July 2025, with onions, rice, and pepper seeing significant increases. The latest Nairametrics Food Price Survey highlights the factors driving inflation, including logistics, supply chain disruptions, and seasonal factors.
Key Points:
- Onions saw the largest increase, up 30%, reaching N130,000 per sack.
- Rice (50kg) rose by 25%, now N75,000, influenced by Naira depreciation and logistics costs.
- Pepper increased by 16.67%, reversing the previous price drop.
- Frozen Fish (Kote & Titus) increased by 10.53% and 7.69%, respectively.
- Local Palm Oil (25 litres) rose by 8.33%, reaching N65,000.
- Garri (50kg) increased by 7.14%, now averaging N45,000.
- Yellow Maize (50kg) saw a 16.67% drop, now N65,000, due to fresh harvest.
Traders and Consumer Reactions:
- Traders highlight the strain from rising transport costs and shrinking profit margins.
- Consumers at Oyingbo and Mile 12 voiced frustration over onion and rice price hikes but welcomed the drop in maize and pasta prices.
Food inflation is expected to rise further as persistent price pressures continue across Lagos and other urban markets. These trends may contribute to further inflationary pressure, especially for essential staples like onions and rice.
Sources: Nairametrics, Lagos Market Insights.
