How food prices soared in June

The National Bureau of Statistics (NBS) has said prices of food rose in June 2021.

The Executive Summary of “Selected Food Price Watch”, said selected food price watch data for June 2021 reflected that the average price of one dozen of agric eggs medium size increased Year-on-Year by 17.69 per cent and month-on-month by 2.76per cent to N556.47 in June 2021 from N541.53 in May.

The data noted that the average price of a piece of agric eggs medium size (the price of one) increased YoY by 21.44 per cent and month-on-month by 2.46 per cent to N51.22 in June 2021 from N49.99 in May 2021.

Continuing, NBS said the “average price of 1kg of tomato increased year-on-year by 13.92 per cent and month-on-month by 10.53per cent to N335.46 in June 2021 from N303.51 in May 2021.

“The average price of 1kg of yam (imported high quality sold loose) increased year year-on-year by 16.31per cent and month-on-month by 2.5per cent to N557.98 in June 2021 from N544.09 in May 2021.

“Similarly, the average price of 1kg of yam tuber increased year-on-year by 14.69 per cent by 14.69per cent and month on month by 6.50per cent to N287.54 in June 2021from N269.98 in May 2021.”