Prices Of Rice, Garri, Yam Soar, Putting Strain On Nigerian Consumers – NBS Data Shows (Details)

Nigerians were forced to pay inflated prices for essential foods like beef, rice, beans, white garri, and yam in April….CONTINUE READING

The National Bureau of Statistics (NBS) revealed this in its report, ‘Selected Food Prices Watch (April 2024),’ which was released on Thursday.

The report indicated that the average price of 1 kilogram (kg) of local rice reached ₦1,399.34 last month, marking a 3.47 percent or N58.6 increase from the ₦1,340.74 recorded in March.

According to the NBS, prices rose by 155.93 percent year-on-year from ₦546.76 in April 2023.

“The average price of 1kg of Garri white, sold loose increased by 134.98% on a year-on-year basis from ₦362.50 in April of last year (2023) to ₦851.81 in April 2024.

“On a month-on-month basis, the average price of this item increased by 13.59% from ₦749.89 in March 2024.

“The average price of 1kg of Tomato rose by 131.58% on a year-on-year basis from ₦485.10 in April 2023 to ₦1,123.41 in April 2024. On a month-on-month basis, it increased by 17.06% from ₦959.68 in March 2024.

“Furthermore, the average price of 1kg brown beans (sold loose) rose by 125.43% on a year-on-year basis from ₦615.67 in April 2023 to ₦1387.90 in April 2024, while there was an increase of 12.44% on a month-on-month basis,” the bureau said.

Published By: Destiny.Jnr