Selected Food Price Watch for May 2024 shows that the average price of 1kg Rice local sold loose stood at N1,608.89. This indicates a rise of 189.79% in price on a year-on-year basis from N555.18 recorded in May 2023 and a 14.98% rise in price on a month-on-month basis from N1,399.34 in April 2024. The average price of 1kg of beans brown (sold loose) increased by 219.05% on a year-on-year basis from N 629.75 in May of last year (2023) to N 2,009.23 in May 2024. On a month-on-month ba sis, the average price of this item increased by 44.77% from N 1,387.90 in April 2024. The average price of 1kg of Tomato rose by 196.92% on a year-on-year basis from N 498.34 in May 2023 to N 1,479.69 in May 2024. On a month-on-month basis, it increased by 31.71% from N1,123.41 in April 2024. Furthermore, the average price of 1kg Garri white sold loose rose by 200.12% on a year-on-year ba sis from N 371.42 in May 2023 to N 1,114.72 in May 2024, while there was an increase of 30.87% on a month-on-month basis. Also, the average price of 1kg of Yam tuber increased by 189.20% on a year on-year basis from N457.25 in May 2023 to N1,322.36 in May 2024. On a month-on-month basis, it increased by 16.98% from N 1,130.37 in April 2024.  

Data source: National Bureau of Statistics

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