The latest Selected Food Price Watch report released by the National Bureau of Statistics (NBS) has shown that the food market recorded notable price declines across several key household staples in March 2026.
The report showed significant year-on-year reductions in the prices of beans, eggs, garri, and onions.
Despite the annual declines, several commodities still recorded modest month-on-month increases, indicating that short-term market pressures remain.
The NBS report showed that prices of several staple food items declined significantly compared to March 2025, although some recorded slight increases from February 2026 levels.
According to the report, the average price of a crate of eggs fell by 20.12% year-on-year to N6,127.62 from N7,670.56, brown beans dropped by 49.32% year-on-year to N1,325.85 per kilogram from N2,616.26, white garri declined by 41.19% year-on-year to N801.54 from N1,362.96, and onion prices fell by 19.63% year-on-year to N1,153.14 per kilogramme.
The report also showed that fresh ginger remained on an upward trend, rising by 20.46% year-on-year to N5,541.25 per kilogram due to continued supply constraints and strong demand.
On a month-on-month basis, most commodities recorded slight increases, reflecting persistent transportation, logistics, and energy-related pressures in local markets.
