Wednesday, 28 August 2024 05:02

Prices of beans, eggs, tomatoes surge by over 200% in one year - NBS

Rate this item
(0 votes)

According to a recent report from the National Bureau of Statistics (NBS), the prices of essential food items such as beans, tomatoes, and eggs have skyrocketed over the past year, with increases exceeding 200%.

The report, titled “Selected Food Price Watch for July 2024”, reveals that the average price of 1kg of brown beans (sold loose) reached N2,444.81 in July 2024. This represents a staggering 262.98% increase from N673.53 recorded in July 2023, and a 6.63% month-on-month rise from N2,292.76 in June 2024.

Similarly, the price of a dozen medium-sized agricultural eggs rose by 217%, from N1,006.64 in July 2023 to N1,935.69 in July 2024. On a month-on-month basis, the price increased by 12.11% from N1,935.69 in June 2024.

The price of 1kg of tomatoes also saw a significant jump, increasing by 203.57% year-on-year, from N557.96 in July 2023 to N1,693.83 in July 2024. However, on a month-on-month basis, the price decreased by 26.43% from N2,302.26 in June 2024.

The report further highlighted that the average price of 1kg of white garri (sold loose) surged by 167.98%, from N429.89 in July 2023 to N1,151.79 in July 2024. Additionally, the average price of 1kg of yam tuber rose by 234.23%, from N539.41 to N1,802.84 during the same period. Despite this, the price of yam tuber decreased by 10.82% on a month-on-month basis, from N2,021.55 in June 2024 to N1,802.84 in July 2024.

On a state-by-state basis, the report noted that Rivers State recorded the highest average price for 1kg of brown beans at N3,070.96, while Adamawa State had the lowest price at N1,532.23. The highest average price for 1kg of tomatoes was found in Osun State at N3,000, whereas Kaduna State recorded the lowest price at N761.45.

For 1kg of yam tuber, Kwara State recorded the highest price at N3,894.08, while Adamawa State had the lowest at N742.95. In terms of garri, Gombe State had the highest average price for 1kg of white garri sold loose at N1,624.72, while Taraba State reported the lowest price at N892.98.

This sharp rise in food prices underscores the growing economic challenges facing Nigerians, as inflation continues to impact the affordability of basic commodities.

April 03, 2025

Oil prices sink after Trump announced sweeping new tariffs

Oil prices dropped $2 on Thursday after U.S. President Donald Trump announced reciprocal tariffs on…
April 02, 2025

Natasha outsmarts Kogi govt, Police; ‘drops’ from sky to jubilant crowds

In a spectacular display of defiance, Senator Natasha Akpoti-Uduaghan turned the Kogi State Government and…
March 30, 2025

Does wearing a cap make you go bald? Here’s what dermatologists want you to know about hair loss

Hair loss can be an upsetting and worrisome experience. But with a slew of wellness…
March 30, 2025

Two 'proof of heaven' stories and one 'proof of hell' that had atheist calling out…

Ole Braatelien What happens to our consciousness the moment we die? Christians believe our souls…
April 02, 2025

Ponzi schemes: New law slams 10-year jail term, N40m fine - SEC

Nigeria’s Securities and Exchange Commission (SEC) has finally declared war on Ponzi schemes, with a…
April 03, 2025

What to know after Day 1134 of Russia-Ukraine war

WESTERN PERSPECTIVE Putin conscripts 160K men as Russia eyes Ukraine offensive Russia has initiated its…
March 28, 2025

Bill Gates: Within 10 years, AI will replace many doctors and teachers—humans won’t be needed…

Tom Huddleston Jr. Over the next decade, advances in artificial intelligence will mean that humans…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.