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Prices of several fast-moving consumer goods in Nigeria increased, with Cowbell Vitarich Filled Cream 12g sachet recording the highest rise of 66.7%Some products, including Maggi seasoning cubes, Onga Stew Powder, Checkers Custard, and Kellogg’s Corn Flakes, recorded price reductions The Price and Promo report said the mixed retail price movements occurred despite relatively stable economic indicators, including moderate inflation
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Prices of several fast-moving consumer goods (FMCGs) have continued to climb across Nigerian retail markets, with some dairy and cereal products recording increases of as much as 66.7%, even as key economic indicators showed relative stability.
Fresh retail market data released by Price and Promo, a brand and commodity intelligence platform, revealed that while inflation and exchange rate movements remained largely contained during the review period, consumers still faced higher prices for several everyday household products.
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