Selected Food Price Watch for July 2024 shows that the average price of 1kg beans brown (sold loose) stood at N2,444.81. This indicates a rise of 262.98% in price on a year-on-year basis from N673.53 recorded in July 2023 and a 6.63% rise in price on a month-on-month basis from N2,292.76 in June 2024. Agric eggs medium size (12 piece) experienced significant price increases year on year by N2,170.17% from N1,006.64 in July of last year (2023) to N1,935.69 in June 2024. On a month-on-month basis, the average price of this item rose by 12.11% from N1,935.69 in June 2024.

There was also a notable price increase of Tomato 1kg by 203.57% on a year-on year basis from N557.96 in July 2023 to N1,693.83 in July 2024. On a month-on-month basis, it decreased by -26.43% from N2,302.26 in June 2024. Furthermore, the average price of 1kg Garri white sold loose went up by 167.98% on a year-on year basis from N429.89 in July 2023 to N1,151.79 in July 2024, while there was an increase of 1.43% on a month-on-month basis. Also, the average price of 1kg of Yam tuber increased by 234.23% on a year-on-year basis from N539.41 in July 2023 to N1,802.84 in July 2024. On a month-on-month basis, it decreased by -10.82% from N 2,021.55 in June 2024 to N1,802.84 in July 2024.

Data source: National Bureau of Statistics

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