FOOD PRICES INCREASED IN OCTOBER – NBS

Written by on November 25, 2020

THE NATIONAL BUREAU OF STATISTICS (NBS) SAID ON TUESDAY THE PRICES OF SOME MAJOR SELECTED FOOD ITEMS INCREASED LAST MONTH.

IN ITS REPORT ON FOOD PRICE WATCH FOR THE MONTH, NBS SAID THE PRICES OF COMMODITIES, INCLUDING EGGS, INCREASED DURING THE MONTH.

ACCORDING TO THE BUREAU, THE AVERAGE PRICE OF 1KILOGRAMME OF TOMATO INCREASED YEAR-ON-YEAR BY 31.81 PERCENT AND MONTH-ON-MONTH BY 7.22 PERCENT TO N307.63 IN OCTOBER FROM N286.92 IN THE PREVIOUS MONTH.

IT ADDED THAT THE AVERAGE PRICE OF 1KILOGRAMME OF RICE (IMPORTED HIGH QUALITY SOLD LOOSE) INCREASED YEAR-ON-YEAR BY 38.62 PERCENT AND MONTH-ON-MONTH BY 2.75 PERCENT TO N530.32 IN OCTOBER FROM N516.13 IN SEPTEMBER.


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