MON 21 JUNE, 2021-theGBJournal- Food prices in Nigeria rose at their fastest monthly rate in May 2021, according to latest data by the National Bureau of Statistics (NBS) on national food prices.
Selected food price watch data for the month under review reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 17.10% and month-on month by 2.10% to N541.53 in May 2021 from N530.40 in April 2021 while the average price of piece of Agric eggs medium size (price of one) increased year-on-year by 22.41% and month-on-month by 1.72% to N49.99 in May 2021 from N49.14 in April 2021.
The average price of 1kg of tomato increased year-on-year by 9.09% and month-on-month by 9.47% to N303.51 in May 2021 from N277.26 in April 2021.
The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 17.46% and month-on-month by 0.65% to N544.09 in May 2021 from N540.58 in April 2021.
Similarly, the average price of 1kg of yam tuber increased year-on-year by 13.96% and month on month by 6.80% to N269.98 in May 2021 from N252.80 in April 2021.
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