A report by the National Bureau of Statistics (NBS) has revealed that the prices of beans, rice, yam, eggs, and garri increased in July.
The bureau, in its latest ‘Selected Food Prices Watch’ report for July 2024, said while the prices increased year-on-year for some food items, there was a marginal drop month-on-month.
According to the report, the average price of 1kg of brown beans brown (sold loose) stood at N2,444.81 in July — a 262.98 per cent price increase on a year-on-year basis from N673.53 recorded in July 2023.
On a month-on-month basis, the average price rose by 6.63 percent from N2,292.76 in June 2024.
It also said agric eggs medium size (12 pieces) recorded significant price increase year-on-year to N2,170.17 in July 2024 — up from N1,006.64 in July of last year (2023) and N1,935.69 in June this year, and that on a month-on-month basis, the average price rose by 12.11 per cent from N1,935.69 in June 2024.
NBS said there was a notable increase in the price of 1kg of tomato by 203.57 per cent on a year-on-year basis, from N557.96 in July 2023 to N1,693.83 in July 2024.
However, on a month-on-month basis, the price decreased by 26.43 percent from N2,302.26 in June 2024.
“Furthermore, the average price of 1kg garri white sold loose went up by 167.98% on a year-on-year basis from N429.89 in July 2023 to N1,151.79 in July 2024, while there was an increase of 1.43% on a month-on-month basis,” the bureau added.
“Also, the average price of 1kg of Yam tuber increased by 234.23% on a year-on-year basis from N539.41 in July 2023 to N1,802.84 in July 2024. On a month-on-month basis, it decreased by -10.82% from N2,021.55 in June 2024 to N1,802.84 in July 2024.”
