As Nigerians experienced one of the most difficult periods of their existence owing to fuel subsidy removal by the government, the National Bureau of Statistics, NBS says prices of food items such as tomatoes, rice, and yams have increased significantly in May, 2023.
The agency who disclosed this in a Selected Food Prices Watch Report made available to Channel Network Afrique, CNA in Abuja said the average price for 1kg of tomato on a year-on-year basis rose by 17.68% from N423.48 in May 2022 to N498.34 in the same period for 2023.
“On a month-on-month basis, 1kg of tomato increased by 2.73% in May from the N485.10 recorded in April 2023.”
According to the report, the average price of 1kg of local rice (sold loose) increased by 24.06% on a year-on-year basis, from N447.51 in the previous year to N555.18 in May 2023.
“On a month-on-month basis, it increased by 1.54% in May from the N546.76 recorded in April 2023. ”
In the same vain, the report stated that the average price of 1kg yam tuber increased by 22.84% on a year-on-year basis from N372.23 in May 2022 to N457.25 in May 2023.
“On a month-on-month basis, 1kg yam tuber increased by 2.83% from the N444.69 recorded in April 2023.”
The NBS noted that the average price of 1kg of Onion bulb rose by 17.12% on a year-on-year basis from N387.53 in May 2022 to N453.86 in May 2023.
“On a month-on-month basis, the price increased by 2.83 per cent in May from the N441.38 recorded in April 2023,” the report stated.
The report further stated that the average price of 1kg of boneless beef increased by 24.19% from N2,029.59 recorded in May 2022 to N2,520.52 in May 2023.
