Business News of Wednesday, 2 October 2024
Source: africa.businessinsider.com
In mid-2024, Lagos ranked as the African city with the most expensive groceries, according to Numbeo's grocery index.
The top 10 cities with high grocery costs include Algiers, Accra, Harare, Tunis, Casablanca, Nairobi, Rabat, Port Elizabeth, and Cape Town.
Rising grocery prices significantly affect the cost of living, particularly for low-income households in these cities, contributing to food insecurity.
Informal markets play a critical role in food supply, but higher food costs and inflation can pressure local economies and impact nutrition and public health.