ISelected Food Price Watch for June 2024 shows that the average price of 1kg beans brown (sold loose) stood at N2,292.76. This indicates a rise of 252.13% in price on a year-on-year basis from N651.12 recorded in June 2023 and a 14.11% rise in price on a month-on-month basis from N2,009.23 in May 2024. Tomatoes (1kg) experienced significant price increases year on year by 320.67% from N547.28 in June of last year (2023) to N 2,302.26 in June 2024.

On a month-on-month basis, the average price of this item rose by 55.59% from N 1,479.69 in May 2024. There was also a notable price increase of Irish potato by 288.50% on a year-on-year basis from N623.75 in June 2023 to N2,423.27 in June 2024. On a month-on-month basis, it increased by 51.92% from N 1,595.07 in May 2024.

Furthermore, the average price of 1kg Garri white sold loose went up by 181.66% on a year-on-year basis from N 403.15 in June 2023 to N 1,135.51 in June 2024, while there was an increase of 1.86% on a month-on-month basis. Also, the average price of 1kg of Yam tuber increased by 295.79% on a year-on-year basis from N 510.77 in June 2023 to N 2,021.55 in May 2024. On a month-on-month ba sis, it increased by 52.87% from N 1,322.36 in May 2024 to N 2,021.55 in June 2024.

Data source: National Bureau of Statistics

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