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

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