The economy of the country has been hit so hard that the common man finds it very difficult to fend for his feeding due to the constant increase in the prices of the most important need, which is food.
Ever since the emergence of this new government in 2015, the economy of the country has been marked with constant inflation, the dollar the Naira both at the International exchange market and also at the parallel market or black market.
What are the consequences of these?
The prices of common needs of the populace witnesses an aggravated hike in price and subsequent suffering of the masses.
In this post, we will be comparing the prices of food items in the year 2015 with what is currently obtainable this year, 2021.
Price Of Bag Of Rice In 2015 Compared To The Price In 2021
According to a market survey conducted by PMNews Newspapers in August 2015 at Mile 12 Market, Lagos State, the price of an imported or foreign 50kg bag of rice was being sold at N8,700 while the price of one paint bucket was also being sold at cheap price of N800.
These figures are miles away from the current market price we find this product. Currently, a 50kg bag of rice (Mama Gold) is sold for a pretty between N25, 000 to N32, 000.
This means that the amount used to get one bag of rice now could get up to 3 or 4 bags of rice then.
Price Of Bag Of Beans In 2015 Compared To The Price In 2021
Beans which is primarily the source of protein for most families is always in high demand. Not only is it cooked, it is also used for many other food products such as Moi-Moi, Akara, and others.
The price of a 100kg bag of beans was sold at the price of N23,000 and one paint was also sold at N800.
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Currently the price of a 100kg bag of beans is between the price of N90,000 to N100,000.
This means that the am used to purchase one bag now can actually get about 4/5 bags of beans in 2015.
Price Of Bag Of Garri In 2015 Compared To The Price In 2021
Garri has been one of the most common and cheap food item in the market but currently has been hitting a very high price. This is to show the extent that the economy has depreciated to.
In 2015, a 50kg bag of white Garri was sold at N6,000 and the paint bucket was being sold at a cheap price of N300 Naira. In comparison to what is obtainable today, the amount used to purchase a 50kg bag of Garri now which is currently sold at N17, 000 will be enough to get 2/3 bags of Garri in 2015.
Price Of 100kg bag of Onions In 2015 Compared To The Price In 2021
The year 2015 saw a 100kg bag of onions being sold at a giveaway price of N9, 090 as compared to the N25, 000 Naira it is being sold in 2021.
This means that one could be able to get 2/3 bags of onions in 2015 at the same price that one bag is currently being sold.
Price Of Carton of Noodles In 2015 Compared To The Price In 2021
From numerous surveys carried out about the differences between the prices of food items in 2015 and 2021, the retail price of a 70g carton of noodles was being sold at a low price of around N1, 300 and N1, 500 as compared to the N2, 200 it is being sold for now. This comparison was done with Indomie Chicken.
Price Of 25 Litres Of Palm Oil In 2015 Compared To The Price In 2021
Palm oil of the size of 25 Litres was sold at N6,800 in 2015 unlike what we currently have this year. Currently, the price of red oil (25 liters) is pegged at a high price of around N20,000 to N 25,000 (This Survey was gotten from Lagos State).
Other food items
In 2015, a tuber of medium-sized yam was sold for 200 or 250. Today, it goes for between 400 and 500 naira.
In 2015, a 10kg bag of semovita (Honeywell) was sold for 1,700 naira. Today, it goes for 5,500 naira.
In 2015, a carton of Golden Penny spaghetti of 500g with 20 pieces was sold for 2,100 naira. In 2021, it goes for 6,500 naira.
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Written by Prince Chime, Nsukka
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