The National Bureau of Statistics (NBS), said the average price of some selected food items in the country decreased in February.
NBS said this in its “Selected Food Price Watch (February 2019)” report.
Selected food price watch data for February 2019 reflected that the average price of 1 dozen of Agric eggs medium size decreased year-on-year by 10.56% and month-on-month by 1.19% to N464.27 in February 2019 from N469.85 in January 2019 while the average price of piece of Agric eggs medium size(price of one) increased year-on-year by 2.33% and month-on-month by 0.12% to N42.23 in February 2019 from N42.18 in January 2019.
According to the report, the average price of 1kg of tomato decreased year-on-year by -3.97% and month-on-month by -3.38% to N256.50 in February 2019 from N265.49 in December 2018.
It further stated that the average price of 1kg of rice (imported high quality sold loose) decreased year-on-year by 0.23% and decreased month-on-month by -0.45% to N364.38 in February 2019 from N366.04 in January 2019.
Similarly, the average price of 1kg of yam tuber decreased year-on-year by -10.56% and month-on-month by -2.24% to N206.48 in February 2019 from N211.21 in January 2019.
In February 2019, food inflation on a year on year basis was highest in Nasarawa (16.78%), Taraba (16.76%) and Abuja (16.29%), while Kogi (11.68%), Delta (11.51%) and Abia (10.81%) recorded the slowest rise in food inflation.
On month on month basis however, February 2019 food inflation was highest in Taraba (2.95%), Ogun (2.73%) and Nasarawa (2.42%), while Benue, Delta, Kogi and Ondo all recorded food price deflation or negative inflation (general decrease in the general price level of goods and services or a negative inflation rate) in February 2019.
The NBS said in arriving at the report, fieldwork was done by more than 700 NBS staff in all states of the federation supported by supervisors who were monitored by internal and external observers.
It said the NBS audit team subsequently conducted randomly selected verification of the prices recorded.
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