Nigerians are to pay even more for consumer goods in the coming weeks, following an increase of about 10% over the last six months, according to the Consumer Price Index (CPI) for the first half of 2015 as published Wednesday by SB Morgen.
The new raise will put more strain on the average Nigerian worker who is already spending about 60% of his earnings on feeding.
SB Morgen provides market intelligence and strategic communication services required for bridging the gap between African emerging market opportunities and investors from around the world.
The CPI reveals that both locally produced consumer goods and the imported goods have maintained fairly unstable prices over the last six months.
