NBS: Food Prices Reach Roof Tops, as Incomes Uncertain
BUHARI
There have been steady rise in the prices of goods since November this year even as incomes for most Nigerians remain uncertain.
The above was the report of the National Bureau of Statistics (NBS) in its latest Food Prices Watch publication.
According to the report, virtually every agric product has recorded increase of not less than 6.64 per cent.
The report said that prices of commodity increased month-on-month by 1.42 per cent to N494.72 in November from N487.81 in October.
Similarly, the report added that the average price of a piece of agric egg, medium size, also increased year-on-year by 8.68 per cent and month-on-month by 2.36 per cent to N44.75 in November from N43.72 in October.
The average price of 1kg of tomato increased year-on-year by 25.86 per cent, the report said.
The report added that virtually every consumable item, including rice, yam, have had price increases.
The report said, “ The average price of 1kg of yam tuber increased year-on-year by 16.26 per cent and decreased month-on-month by -2.72 per cent to N236.25 in November from N242.87 in October.”
The above was the report of the National Bureau of Statistics (NBS) in its latest Food Prices Watch publication.
According to the report, virtually every agric product has recorded increase of not less than 6.64 per cent.
The report said that prices of commodity increased month-on-month by 1.42 per cent to N494.72 in November from N487.81 in October.
Similarly, the report added that the average price of a piece of agric egg, medium size, also increased year-on-year by 8.68 per cent and month-on-month by 2.36 per cent to N44.75 in November from N43.72 in October.
The average price of 1kg of tomato increased year-on-year by 25.86 per cent, the report said.
The report added that virtually every consumable item, including rice, yam, have had price increases.
The report said, “ The average price of 1kg of yam tuber increased year-on-year by 16.26 per cent and decreased month-on-month by -2.72 per cent to N236.25 in November from N242.87 in October.”
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