Tomato Jumps 46.03%, Bread 34.1% In Feb – NBS
The price of 500g Bread, a popular food amongst Nigerians jumped 34.11 per cent in February, signifying the astronomical increase in the price of food items in the country.
Also, the average price of 1kg Tomato increased by 46.03 percent to N393.08 in February 2022 from N269.18 reported in February 2021 according to the Selected Food Price Watch report for the month of February 2022 released Monday by the National Bureau of Statistics (NBS).
The NBS also noted that other food items like beans, eggs and groundnut oil also recorded price increase
“The average price of 1kg Tomato increased from N367.01 in January 2022 to N393.08 in February 2022 indicating 7.10 percent rise. Year-on-year analysis shows that the average price also rose by 46.03 percent (N 269.18) in February 2021,” the NBS stated.
“Selected Food Price Watch for the month of February 2022 shows that the average price of 1kg of beans (white, black eye, sold loose) rose on year-on-year basis by 50.1 percent from N 331.48 in February 2021 to N 497.54 in February 2022.
“Similarly, there was an increase of 3.34percent month-on-month from N 481.47 in January 2022 to N 497.54 in February 2022.
The average price of Bread Sliced 500g, also, increased year-on-year by 34.11 percent from N 326.61 in February 2021 to N438.03 in February 2022. On month-on-month, the average price of this item increased by 4.63 percent (N418.65) in February 2021.”
The Bureau added, “Likewise, the average price of 1kg Tomato increased from N367.01 in January 2022 to N393.08 in February 2022 indicating 7.10 percent rise. Year-on-year analysis shows that the average price also rose by 46.03 percent (N 269.18) in February 2021.
“In the same vein, the average price of Agric eggs (medium size price of one) increased by 2.65 percent from N58.28 in January 2022 to N59.82 in February 2022. Also, the average price of 1kg Yam tuber rose by 39.92 percent from N242.82 in February 2021 to N339.76 in February 2022.
“Similarly, the average price of Groundnut oil: 1 bottle, specify bottle stood at N971.01 in February 2022; this shows an increase of 3.18 percent (N941.10) in January 2022. In the same way, the year-on-year analysis shows an increase of 43.46 percent (N676.87) in February 2021.
The reporter noted that Ebonyi recorded the highest average price of beans, with Bauchi recording the lowest, while Abuja and Gombe recorded the highest and lowest average prices of sliced bread respectively.
“State price distribution shows that Ebonyi recorded the highest average price of beans (white, Black eye, sold loose) with N880.59 and the lowest was reported in Bauchi with N243.67. Furthermore, the highest average price of Bread Sliced 500g was recorded in Abuja with N630.33 while the lowest was recorded in Gombe with N255.2. Taraba recorded the lowest price of 1kg Tomato with N133.39 while the highest price was reported in Edo with N711.67
“Analysis by zone shows that South-East recorded the highest average price of Beans ‘’brown sold loose” with N809.66 followed by South-South with N633.06, while the North-East recorded the least price with N289.27. Also, South-South and South-East recorded an average price of Bread Sliced 500g with N541.87 and N529.53 respectively whereas the lowest average price was recorded in North-East with N267.83. The average price of 1kg of Tomato was highest in South-East with N637.92 followed by South-South N630.72 while the lowest price was in North-East with N151.56.”
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