Warning: set_time_limit(): Cannot set max execution time limit due to system policy in /customers/b/b/b/brandspurng.com/httpd.www/wp-config.php on line 94 Prices of selected food stuff increased in October - NBS - Brand Spur

Prices of selected food stuff increased in October – NBS

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The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in October.

NBS said this in its “Selected Food Price Watch (October 2019)’’ report released on its website.

Selected food price watch data for October 2019 reflected that the average price of 1 dozen of Agric eggs medium size decreased year-on-year by -4.23% and increased month-on-month by 1.24% to N462.46 in October 2019 from N456.81 in September 2019 while the average price of piece of Agric eggs medium size (price of one) decreased year-on-year by -2.91% and month-on-month by -1.90% to N40.51 in October 2019 from N41.30 in September 2019.

The average price of 1kg of tomato decreased year-on-year by -23.88% and increased month-on-month by 2.58% to N233.38 in October 2019 from N227.50 in September 2019.

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The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 2.55% and month-on-month by 3.08% to N382.57 in October 2019 from N371.13 in September 2019.

Similarly, the average price of 1kg of yam tuber decreased year-on-year by -28.73% and month-on-month by -5.51% to N179.75 in October 2019 from N190.23 in September 2019.

Read Also:  Month-on-Month Inflation Expands at a Slower Pace in December

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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Download the Selected Food Price Watch (October 2019) report here

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