Selected food price watch for November 2021 published by the National Bureau of Statistics reveals higher prices on a month-on-month basis and year-on-year basis for the commodities reported except for plantain (ripe and unripe) whose price declined on a month -on-month basis and onion bulb whose price declined on a year-on-year basis.
The average price of 1kg of beans (white black eye, sold loose) rose on a month-on-month basis by 2.59 percent showing a change from N464.74 in October to N476.76 in November 2021.
On a year-on-year basis, there was an increment by 54.61 percent from N308.36 in the corresponding month of November last year to N476.76 in November 2021.
Looking at the average price of agric eggs (medium size price of one), there was a price surge from N55.49 in October to N57.35 in November 2021, a growth rate of 3.35% on a month-on-month basis. Compared to the previous year, the price of egg rose by 28.15 percent on a year-on-year basis from N44.75 in November 2020 to N57.35 in November 2021.
In addition, the average price of 1 bottle of vegetable oil in November 2021 increased by 6.18 percent on a month-on-month basis from N825.46 in October to N876.47 in November 2021. On a year-on-year basis, the price of this commodity recorded a growth rate of 38.93 percent from N630.86 in November last year to N876.47 in November 2021.
In terms of the price of palm oil in November 2021, an average price of 1 bottle of palm oil rose on a month -on-month basis by 6.59 percent, from N727.21 in October to N775.11 in November 2021. However, on a year-on-year basis, there was an increment of 42.79 percent from N542.85 recorded in the corresponding month a year ago to N775.11 in November 2021.
The average price of a tuber of yam over the period under review rose by 4.63 percent on a month-on month basis in November 2021 and considerably high by 38.64 percent on a year-on-year basis showing price movement from N236.25 in November 2020 to N327.53 in November 2021.
In terms of State distribution, Ebonyi, Anambra and Enugu were the three top States with the highest prices of beans (white black eye, sold loose) at N887.77, N875.73, and N783.56 respectively. The least prices were recorded in Bauchi State, Adamawa State and Borno State with N235.22, N251.59 and N254.87 respectively. Moreover, Ogun State, Bayelsa State, Ondo State and Lagos State recorded the highest prices of agric egg (medium size price of one) at N70.06 for Ogun State and N70.00 each for Bayelsa State, Ondo State and Lagos State. Taraba State, Yobe State and Plateau State had the least prices of egg in November 2021 at N41.51, N41.64 and N41.91 respectively.
Looking at a bottle of vegetable oil, Ekiti State, Abuja and Ebonyi State recorded the most prices at N1,250.00, N1,213.33 and N1,153.33 respectively. Others such as Niger State, Gombe State and Plateau State had the least prices with N495.89, N523.81 and N524.44 respectively. In terms of prices of palm oil, Enugu State, Anambra State and Abuja were top with high prices at N1,063.89, N1,043.14 and N1,026.67 respectively, while Kwara State, Benue State and Bauchi State recorded the least with N446.67, N468.89 and N472.22 respectively. Interestingly, tubers were most expensive in Lagos State, Rivers State and Akwa Ibom State at N600.27, N556.68 and N529.90 respectively, while Taraba State, Gombe State and Bauchi State had the cheapest with N125.33, N126.89 and N127.35 respectively.
On a Zonal level, the price of beans recorded the highest in South-East and South-South region at N791.80 and N573.09. Conversely, the North-West recorded the least at N277.18. The South-East and South-South region recorded the highest prices of agric egg at N67.12 and N65.77. Nevertheless, the North-West region had the lowest price at N42.92. The average price of 1 bottle of vegetable oil in the South-East and SouthSouth stood at N1,129.32 and N1,067.27, the highest compared to the North-West which had the least recorded at N540.46. In terms of I bottle of palm oil, the price was highest in the South-East and South-South region at N985.95 and N916.72. Again, the North-West recorded the least with N504.07. Yet, the price of a tuber of yam was sold at an average of N474.57 and N440.48 in the South-East and South-South region which stood the highest, compared to the least (N131.14) in the North-West.