Report recently published by the National Bureau of Statistics (NBS) revealed that the prices of food in the country increased significantly in the month of July.
According to the report, selected food price watch data for July 2021 reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 21.82% and month-on month by 3.79% to N577.55 in July 2021 from N556.47 in June while the average price of piece of Agric eggs medium size (price of one) increased year-on-year by 24.20% and month-on-month by 2.95% to N52.73 in July 2021 from N51.22 in June 2021.
The average price of 1kg of tomato increased year-on-year by 36.45% and month-on-month by 23.66% to N414.83 in July 2021 from N335.46 in June 2021.
The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 12.72% and decreased month-on-month by -0.93% to N552.80 in July 2021 from N557.98 in June 2021.
Similarly, the average price of 1kg of yam tuber increased year-on-year by 20.39% and month on month by 7.37% to N308.72 in July 2021 from N287.54 in June 2021.