The bureau stated this in its selected food price report for the month of April published on its website.
According to the report, the price of rice increased by 156% to N1,399 in 2024 from N547 in the same period of 2023.
The average price of garri also surged by 135% from N363 in April 2023 to N852 in the corresponding period in 2024. On a month-on-month basis, it surged 13.59% from N750 in March to N1,554 in April.
The average price of tomatoes increased 17.9% from N960 in March to N1,123 in April, or 132% year-on-year from N485 in the same period last year.
Additionally, the average price of 1 kg of white garri (sold loose) increased 13.59% from N750 in March to N852 in April. The commodity increased 135% on a year-on-year basis compared to the same period in 2023.
Also, the average price of 1 kg of brown beans (sold loose) rose by 125% on a year-on-year basis from N616 in April 2023 to N1,388 in April 2024, while there was an increase of 12.44% on a month-on-month basis.
On a state basis, the report stated that Niger recorded the highest price of 1 kg of local parboiled rice at N1,785, while the lowest was recorded in Benue State at N994.
Analysis by zone showed that the average price of 1 kg of loose local rice was highest in the South-West at N1,615, followed by the South-South at N1,565, while the North-West recorded the lowest average price at N1,163.
Still by zone, the average price of 1 kg of white garri was highest in the South-South and the South-West at N1,031 and N982, respectively, while the lowest was recorded in the North-West at N682.
TimesNow.com.ng reported that the NBS has revealed that the food inflation rate in April 2024 was 40.53%.
This was 15.92% higher than the rate recorded in April 2023 (24.61%), indicating that families have had to earn more to eat.
NBS, however, stated that April 2024 was a better month than the rate recorded in March 2023.
Source: TimesNow.com.ng
