Food prices - Intelpoint

Search results for

Ethiopia leads with 36 million agricultural workers, despite Nigeria having the largest population

East Africa: Ethiopia leads with 36.2 million agricultural workers (27.3% of its 132.5 million population). Agriculture is vital to its economy. Tanzania follows with 19.2 million workers (approximately 28.8% of 66.6 million). Uganda has 23.4% of its 50 million population in agriculture, and Kenya employs 7.6 million workers (approximately 13.7% of 55.3 million), despite land degradation affecting 80% of its land.
West Africa: Nigeria has 26.8 million agricultural workers, but with a population of 232 million, it heavily depends on food imports as only 11.5% of its population work in the agriculture section. Ghana employs 5.5 million agricultural workers (16% of 34.4 million) and has strong potential for agricultural export growth, especially cocoa.
Central Africa: DR Congo has 18.6 million agricultural workers out of a population of 109.2 million.
Southern Africa: Mozambique has 9.9 million agricultural workers 29% of 34.6 million, while Madagascar employs 10.5 million (33% of 31.9 million). Agriculture is key to Madagascar’s economy but hindered by land issues, with women producing 80% of crops.
North Africa: Egypt has 5.7 million agricultural workers (5% of 116.5 million), and relies on irrigation due to limited arable land and high food imports.

20 food items with the highest price increases in Nigeria between May 2023 and Dec. 2024

Key Takeaways:

The top 20 food items witnessed extreme inflation, surpassing 200%.
Onions and yams lead the list with remarkable price hikes of 353% and 317%, respectively.
Various types of rice exhibited significant price increases (310% for Ofada rice, 250% for local rice, etc).
Basic protein sources such as eggs (207%) and chicken (202%) saw their prices more than double, making them increasingly less affordable.

Nigeria: The price of tomatoes has surged by 321% in one year, as have other food items

Food prices have continued to increase as Nigeria's headline inflation hit 34.19% in June 2024, one of the highest globally.

NBS's monthly survey for the average prices of selected food items in Nigeria as of June 2024 shows that tomatoes have gone up by 321%, yam by 296%, and staples — beans, rice, and plantain — have also seen significant increases. These are the top ten food items most hit by inflation in Nigeria in the past twelve months.

Average prices of bread in Nigeria from September 2018 to August 2021

Data from the National Bureau of Statistics reveal that the average bread prices in Nigeria increased by 20.71% for unsliced bread and 17.25% for sliced bread year on year. As Nigerians mourn this rise in cost, we consider the average bread prices over the past 24 months.