The prices of Beans, rice, egg, bread, Yam and other food items witnessed notable price increases in August 2024, National Bureau of Statistics (NBS) has indicated.
The NBS unveiled this in its Selected Food Prices Watch report for August 2024, released in Abuja yesterday.
The report shows that the average price of 1kg of brown beans for the month of August 2024 sold at N2,574.63 , indicating a rise of 271.55 per cent in price on a year-on-year basis from N692.95 recorded in August 2023 and a 5.31 per cent rise in price on a month-on-month basis from N2,444.81 in July 2024.
Agric eggs medium size (12 piece) experienced significant price increases year on year by N121.92 per cent from N1,031.55 in August of last year (2023) to N2,289.19 in August 2024.
On a month-on-month basis, the average price of this item rose by 5.48 per cent from N 2,170.17 in July 2024.
There was also a notable price increase of bread (sliced) by 113.16 per cent on a year-on year basis from N684.85 in August 2023 to N1,459.85 in August 2024.
On a month-on-month basis, it increased by 2.28 per cent from N 1,427.25 in July 2024.
Furthermore, the average price of 1kg Local rice sold loose went up by 148.41 per cent on a year-on-year basis from N 737.11 in August 2023 to N1,831.05 in August 2024, while there was an increase of 3.65 per cent on a month-on-month basis.
On the other hand, tomato 1kg declined by 11.07 per cent month-on-month from N1,693.83 in July 2024 to N1,506.35.
Also, the average price of 1kg of Yam tuber increased by 188.31 per cent on a year-on-year basis from N576.39 in August 2023 to N1,661.80 in July 2024.
On a month-on-month basis, it decreased by -7.82 per cent from N1,802.84 in July 2024.
