The National Bureau of Statistics (NBS) on Thursday reported that consumers paid more for bread, rice, yam and other selected food items year-on-year in April this year.
The Bureau, in its ‘Selected Food Price Watch Report for April, 2022’ reported that the average price of 1kg of beans (white, black eye, sold loose) rose on a year-on-year basis by 44.32 per cent from N359.64 in April 2021 to N519.05 in April 2022.
It stated that on a month-on-month basis, this translated to 2.59 percent over the N505.94 the food item was sold in the preceding month
The NBS’s report reflected that the average price of bread sliced 500g rose by 35.31 percent from N332.95 in April 2021 to N450.51 in April 2022 but that when compared with its price in March, the April price represented 0.61 percent increase.
According to the coordinating agency for Nigeria’s statistical system, the average price of 1kg yam tuber on a year-on-year basis, rose to N361.20 in April 2022 or 42.88 percent increase over the April 2021 selling price of N252.80. On a month-on-month basis, it increased from N353.56 in March 2022 to N361.20 in April 2022, indicating 2.16 per cent growth.
The Bureau reported that the average price of Palm oil (1 bottle) increased by 45.59 percent from N578.86 it exchanged for in April 2021 to N842.75 in April 2022, showing by 0.06 percent hike on a month-on-month basis.
In addition, it indicated in the report that the average price of 1kg Plantain (unripe) rose by 38.66 per cent on a year-on-year basis from N243.37 in April 2021 to N337.47 in April 2022, while the average price of Groundnut oil (1 bottle) increased to N1, 007.68 in April 2022, reflecting an increase of 46.21 percent from N689.19 in April 2021.
According to the NBS, the price of the commodity rose by 1.31 percent from N994.62 it was sold in March.
On the prices of the commodities at state level, the agency reported that Ebonyi recorded the highest average price of Beans (white, black eye, sold loose) with N875.71, while the lowest was reported in Borno with N256.67.
It reported that the highest average price of bread sliced at 500g was recorded in Ebonyi with N650.0, while the lowest was recorded in Borno with N261.38.
The NBS’ report indicated that Akwa-Ibom recorded the highest price of 1kg yam tuber with N695.93, while Bauchi recorded the lowest with N133.28 while South-East recorded the highest average price of beans brown, sold loose with N831.09, followed by the South-South with N676.13, while the North-East recorded the least with N307.21.
The agency also reported that the South-East recorded the highest average price of bread sliced 500g with N601.09, followed by the South-South with N550.21, while the lowest was recorded in the North-East with N278.51”.
On the average price of 1kg of yam tuber, the Bureau reported that the price was higher in the South-West and the South-South with N528.78 and N495.02 respectively, while the lowest selling price was recorded in the North-East with N142.79.
