Breakdown: How Food Prices Rose In June

The National Bureau of Statistics has said that the prices of food rose in June, 2021.

This was according to the Executive Summary of the “Selected Food Price Watch” report released by the bureau.

Recall that the bureau had reported earlier that Nigeria’s inflation rate fell by a slight 0.18 percent – from 17.93 percent in May to 17.75 percent in June.

According to the report, the selected food price watch data for June 2021 reflected that the average price of one dozen of agric eggs medium size increased Year-on-Year by 17.69 percent and month-on-month by 2.76 percent to N556.47 in June 2021 from N541.53 in May.

The data noted that the average price of piece of agric eggs medium size (price of one) increased YoY by 21.44 percent and month- on-month by 2.46 percent to N51.22 in June 2021 from N49.99 in May 2021.

Also, NBS said the “average price of 1kg of tomato increased year-on-year by 13.92 percent and month-on-month by 10.53 percent to N335.46 in June 2021 from N303.51 in May 2021.

“The average price of 1kg of yam (imported high quality sold loose) increased year year-on-year by 16.31 percent and month-on-month by 2.5 percent to N557.98 in June 2021 from N544.09 in May 2021.

“Similarly, the average price of 1kg of yam tuber increased year-on-year by 14.69 per cent by 14.69 percent and month on month by 6.50per cent to N287.54 in June 2021from N269.98 in May 2021.”

Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

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