Survey shows consumers buy less as food prices climb in Lagos markets

In May 2026, food prices in major markets across Lagos experienced another rise, reversing the downward trend observed in April. Traders attributed this increase to several factors, including elevated transport and logistics costs, seasonal fluctuations in supply, and the ongoing rise in diesel prices. As a result, consumers have begun to purchase less, reflecting the impact of these escalating costs on household budgets. The situation highlights the challenges faced by both traders and consumers in the current economic climate.

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