The report, which is known as the Jollof Index, screens nourishment expansion by following the adjustment in the cost of nourishment things.
The list thinks about nine things across 13 markets in the nation.
The products that made up the file are rice, garri, groundnut oil, chicken/turkey, hamburger, flavoring, tomatoes, pepper, onion and salt.
As per the report, the government's choice to close the nation's property fringes expanded the expense of lawful exchange which meant significant expenses of staple products.
Accordingly, it said more Nigerians changed to privately created rice for their dinners.
"By March 2020, the cost of Nigerian rice in many markets stray ascended to the pre-August 2019 degrees of imported rice, yet vitally, there has not been a comparable increment in the nature of the Nigerian rice," the report read.
Between August 2016 and March 2020, the cost of a 50kg sack of neighborhood rice rose from N11,500 to N18,500 while a 50kg pack of imported rice expanded from N18,500 t0 N27,500.
The expense of a derica of rice (imported) rose from N450 to N1000; and the expense of a derica of rice (nearby) expanded from N300 to N750.
These costs were recorded in business sectors in Oyingbo and Island advertise in Lagos; Awka and Onitsha showcase in Anambra; and Nyanya advertise in Abuja.
In the tail of the Q1, the COVID-19 pandemic incited alarm purchasing by the Nigerian shoppers on garri, for example, a 100% expansion in cost was recorded in Anambra; 122% expansion in Ibadan; and 114% increment in Port-Harcourt.
The Jollof Index portrays the coronavirus pandemic speaks to the single 'troublesome determinant' influencing nourishment costs in the nation.
It additionally expresses that "the lockdown in Lagos, Ogun state and Abuja has just disturbed entrenched inventory binds which have prompted an expansion in transportation costs and a reordering of supply chains".
It likewise encourages shoppers to get ready for considerably more cost increments.
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