Selected Food Prices Watch (April 2022)

Executive Summary

Selected Food Price Watch for the month of April 2022 shows that the average price of 1kg of Beans (white, black eye, sold loose) rose on a year-on-year basis by 44.32% from N359.64 in April 2021 to N519.05 in April 2022. Also, on a month-on-month basis, this increased by 2.59% from N505.94 in March 2022. The average price of Bread Sliced 500g increased on a year-on-year basis by 35.31% from N332.95 in April 2021 to N450.51 in April 2022. On a month-on-month basis, the average price of this item increased by 0.61% in April 2022. Similarly, the average price of 1kg Yam tuber on a year-on-year basis, rose by 42.88% from the value recorded in April 2021 (N252.80) to N361.20 in April 2022. On a month-on-month basis, it increased from N353.56 in March 2022 to N361.20 in April 2022, indicating 2.16% growth. In the same vein, the average price of Palm oil: (1 bottle, specify bottle) increased by 45.59% from N578.86 in April 2021 to N842.75 in April 2022. It also grew by 0.06% on a month-on-month basis.

Data source: National Bureau of Statistics

INFOGRAPHICS