Major Food Prices Increased In October, Says NBS Report

The National Bureau of Statistics on Tuesday said the prices of some major selected food items increased in October 2020.

In its just released report on Food Price Watch for October 2020, the bureau revealed that the prices of poultry products, such as eggs as well as other commodities increased during the month under review.

It said, “Selected food price watch data for October 2020 reflected that the average price of one dozen of agric eggs medium size increased year-on-year by 5.48 per cent and month-on month by 1.47 per cent to N487.81 in October 2020 from N480.76 in September 2020.

“The average price of a piece of agric egg medium size (price of one) increased year-on-year by 7.92 per cent and month-on-month by 1.92 per cent to N43.72 in October 2020 from N42.90 in September 2020.”

The bureau said the average price of 1kg of tomato increased year-on-year by 31.81 per cent and month-on-month by 7.22 per cent to N307.63 in October 2020 from N286.92 in September 2020.

It further stated that the average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 38.62 per cent and month-on-month by 2.75 per cent to N530.32 in October 2020 from N516.13 in September 2020.

Similarly, the NBS stated that the average price of 1kg of yam tuber increased year-on-year by 35.11 per cent.

The price, however, decreased month on month by -1.12 per cent to N242.87 in October 2020 from N245.62 in September 2020.