be a trader at the Sunday Market stated that the drop in inflation rate has not affected the prices of goods in the market. Despite the announcement of a drop in Nigerias inflation rate shoppers and traders in Lagos markets are still facing high prices for staple food items. The National Bureau of Statistics reported a drop in the headline inflation rate but this has not translated to any relief for consumers. A market survey showed that the prices of food items such as rice and red oil remain significantly high with some items even increasing in price. Traders in the market expressed frustration stating that the drop in inflation rate has not affected their prices. This highlights the disconnect between official statistics and the reality faced by consumers in the market.

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Link to Original Story: https://dailytrust.com/despite-drop-in-inflation-food-prices-remain-high-survey/