Prices of food items went up by 200% in the month of June 2024, the National Bureau of Statistics, NBS.
According to NBS, Selected Food Price Watch for June 2024,
The prices of tomatoes, beans, garri rose above 200 per cent in June 2024 from their previous price in the corresponding period of 2023.
According to the National Bureau of Statistics, NBS, Selected Food Price Watch for June 2024, released today, the price of tomatoes (1kg) increased year on year (YoY) by 320.67 per cent to N 2,302.26 in June 2024 from N547.28 in June of last year (2023).
Similarly, the price of 1kg beans brown (sold loose) stood at N2,292.76 indicating a rise of 252.13 per cent YoY from N651.12 recorded in June 2023.
Furthermore, the price of 1kg Irish potatoes grew by 288.5 per cent to N2,423.27 in June 2024 from N623.75 in June 2023.
NBS said : “Selected Food Price Watch for June 2024 shows that the average price of 1kg beans brown (sold loose) stood at N2,292.76.
“ This indicates a rise of 252.13 per cent in price on a YoY basis from
N651.12 recorded in June 2023 and a 14.11 per cent rise in price on a month-on-month basis from
N2,009.23 in May 2024. “Tomatoes (1kg) experienced significant price increases year on year by 320.67 percent from N547.28 in June of last year (2023) to N2,302.26 in June 2024. “On a month-on-month basis, the average price of this item rose by 55.59 percent from N 1,479.69 in May 2024.
“ There was also a notable price increase of Irish potato by 288.5 per cent on a year-on-year basis from N623.75 in June 2023 to N2,423.27 in June 2024.
“On a month-on-month basis, it increased by 51.92 percent from N 1,595.07 in
May 2024.
“Furthermore, the average price of 1kg Garri white sold loose went up by 181.66 per cent 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 percent on a month-on-month basis.
“Also, the average price of 1kg of Yam tuber increased by 295.79 percent on a year-on-year basis from N510.77 in June 2023 to N 2,021.55 in May 2024.
“On a month-on-month basis, it increased by 52.87 percent from N 1,322.36 in May 2024 to N 2,021.55 in June 2024.”
The bureau noted that the highest average price of 1kg of Bean Brown
(sold loose) was recorded in Kogi state at N 3,006.43 while the lowest was in Adamawa state at N
1,336.11.
“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.
“Regarding the average price of 1kg of yam tuber, Lagos state recorded the highest price 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”, it added.
