The latest publication by the National Bureau of Statistics (NBS) has shown continual increase in prices of food items.
According to the release, as of June 2024 , the average price of 1kg beans brown (sold loose) stood at N2,292.76.
This represents a rise of 252.13% in price on a year-on-year basis from N651.12 recorded in June 2023 and a 14.11% rise in price on a month-on-month basis from N2,009.23 in May 2024.
Also the price of Tomatoes (1kg) increased on a year by year basis, with a significant price of 320.67% from N547.28 in June of last year (2023) to N 2,302.26 in June 2024.
On a month-on-month basis, the average price of this item rose by 55.59% from N 1,479.69 in May 2024.
The average price of 1kg Garri white sold loose went up by 181.66% on a year-on-year basis from N 403.15 in June 2023 to N 1,135.51 in June 2024, while there was an increase of 1.86% on a month-on-month basis.
The price of Yam also increased on a year-on-year basis. The average price of 1kg of Yam tuber increased by 295.79% from N 510.77 in June 2023 to N 2,021.55 in May 2024.
On a month-on-month ba- sis, it increased by 52.87% from N 1,322.36 in May 2024 to N 2,021.55 in June 2024.
The highest average price of 1kg of Tomato was recorded in Abuja at N 3,992.61 while the lowest was in Kebbi State at N1,200.00.
Also 1kg of yam tuber sold highest in Lagos state at N 3,376.54, while Adamawa recorded the lowest price at N1100.00.
Gombe recorded the highest average price of 1kg Garri white sold loose at N 1,619.27, while the lowest was reported in Taraba at N 900.00.
There have been concerns over the consistent increase in prices of food items in the country, with food inflation soaring to 40.87% in June 2024.
Although the Nigerian government has continued to announce measures to tackle the crisis, rise in prices have continued unabated.
