Brand Spur Issue 5 | Page 9

Main Economic Indicators
Inflation: Naira is losing value
Bag of Rice (50kg)
2015:₦10,000 –– 2016: ₦19,500

Chicken (1kg)

Crate of Egg

2015:₦750 –– 2016: ₦900

+95%

2015:₦600 –– 2016: ₦900

+20%

+50%

Palm Oil (5 litres)

Bread (Grand Square)

Vegetable Oil (5 litres)

2015:₦1,400 –– 2016: ₦3,200

2015:₦300 –– 2016: ₦450

2015:₦1,000 –– 2016: ₦3,000

+129%

Cornflakes

+78%

+200%

Milo (450g)

Spaghetti (1 carton)

2015:₦480 –– 2016:₦800

Sources: Local markets survey

+50%

2015:₦2,000 –– 2016:₦3,800

+90%

2015:₦800 –– 2016:₦1,000

+25%

YUSUF AYOKUNLE GTBANK PLC