Nigeria Jollof Price Drop: Why 11.5% Became 8.5%
Nigeria’s Jollof Index showed an 11.5% price drop, but a recording error in two Ibadan markets lowers SBM’s adjusted estimate to 8.5%. Here’s what the correction and market gaps mean.
food prices
Deadly new world screwworm found in Texas after 60 Years: What it means for cattle, beef prices, and public health
The confirmation of a New World screwworm case in Texas has sparked alarm across the U.S. cattle industry, marking the parasite’s return to the country roughly six decades after it was eradicated. The development has intensified concerns about livestock health, beef prices, and the potential economic impact on ranchers already facing supply challenges. Federal authorities … Read more
UK inflation falls to 3.6% — But why are food prices still so high and what will the 2025 budget change?”
After months of stubborn price pressures and a frustrating standstill in consumer confidence, the United Kingdom has finally recorded a modest shift in its inflation trajectory. October’s Consumer Prices Index (CPI) eased from 3.8% to 3.6%, signalling what many analysts hope is the beginning of a gradual return to economic stability. While modest, the drop … Read more
Why has the Bank of England cut rates despite high inflation?
The Bank of England’s recent decision to cut interest rates to 4% has sparked widespread debate, particularly given that inflation remains well above its 2% target. This move, made in a closely split vote by the Monetary Policy Committee (MPC), has raised eyebrows—especially as it involved an unusual second vote to break the tie. At … Read more