Food prices rose in August, says NBS

The National Bureau of Statistics (NBS ) has said the prices of foods rose in August 2020.

Selected food price watch data for August 2020, said the Bureau, “reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 3.70 per cent and month-on month by 1.02 per cent to N478.97 in August 2020 from N474.12 in July 2020 while the average price of piece of Agric eggs medium size (price of one) increased year-on-year by 5.44 per cent and month-on-month by 0.76 per cent to N42.78 in August 2020 from N42.45 in July 2020.”

According to the report, the average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 40.69 per cent and month-on-month by 2.30 per cent to N501.71 in August 2020 from N490.44 in July 2020.

It added the average price of 1kg of yam tuber increased year-on-year by 34.74 per cent and decreased month on month by -0.15 per cent to N256.06 in August 2020 from N256.44 in July 2020.

NBS said the average price of 1kg of tomato increased year-on-year by 29.48 per cent and decreased month-on-month by -4.65 per cent to N289.86 in August 2020 from N304.01 in July 2020.

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