Economy News

Prices Of Rice, Others Rise In March ~ NBS

Prices Of Rice, Others Rise In March ~ NBS
  • PublishedApril 22, 2021


The National Bureau of statistics, (NBS), has stated that the price paid for consumables items for rice, eggs, tomato and yam rose in March.

This is in accordance with the Bureau March inflation report which affirmed that the composite food index rose by 22.95 percent in March 2021 compared to 21.79 percent in February 2021.

In its Selected Food Price Watch Data for March 2021, NBS said: “The average price of one dozen of Agric eggs medium size increased year-on-year, YoY, by 14 percent and month-on month, MoM, by 1.19 percent to N524.47 in March 2021 from N518.30 in February 2021 while the average price of piece of Agric eggs medium size (price of one) increased YoY by 21 percentand MoM by 2.3 percent to N48.43 in March 2021 from N47.35 in February 2021.

“The average price of 1kg of tomato increased YoY by 4.8 percent and decreased MoMby -0.64 percent to N267.45 in March 2021 from N269.18 in February 2021.”
(Credit Punch)

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