The prices of food rose Year-on-Year, YoY, amidst rising transport fare in September.
Analysis of the National Bureau of Statistics, NBS, selected food price watch data for September 2021 showed that the prices of rice, egg, garri, and tomatoes rose during the period.
Similarly, the NBS transport fare watch data revealed that the prices of transport fare paid for bus, air, water and motorcycle journeys rose sharply YoY in September 2021.
Analysis of food prices data showed that the average price of one dozen of agric eggs/medium size increased YoY by 25.84 to N604.99 in September 2021 from N480.76 in September 2020.
Similarly, the average price of 1kg of rice local, sold loose increased YoY by 4.95 per cent to N410.01 from N390.68.
The average price of 1kg of rice imported high quality, sold loose rose YoY in September 2021 by 5.94 per cent to N546.77 from N516.13 in September 2020.
The average price of 1kg of tomato increased YoY in September 2021 by 19.28 per cent to N342.25 from N286.92 in September 2020.
Similarly, the average price of 1kg of Garri white, sold loose increased YoY by 27.91 per cent to N301.58 in September 2021 from N235.77 in September 2020. (Vanguard)