Prices of Rice, Yam, Tomato, increased in September – Report

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

The average price of selected major food items in Nigeria, such as yam, rice, tomatoes, and eggs, increased in September 2020 the National Bureau of Statistics (NBS) has said.

The report revealed that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 5.24% and month-on-month by 0.37% to N480.76 in September 2020 from N478.97 in August 2020 while the average price of a piece of Agric eggs medium size (the price of one) increased year-on-year by 3.87% and month-on-month by 0.28% to N42.90 in September 2020 from N42.78 in August 2020.

Prices of Rice, Yam, Tomato, increased in September - Report Brandspurng
Photo by Ima Enoch

It stated that the average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 39.07% and month-on-month by 2.87% to N516.13 in September 2020 from N501.71 in August 2020.

Rice in Nigeria is a staple food for most households. Though its importation has been banned, imported rice, mostly through permeable land borders, is still common across Nigeria.

- Advertisement -

September Annual Inflation Rate Rises to 13.71% amid Continued Increase in Food Prices
Photo by Eva Blue

The average price of 1kg of tomato increased year-on-year by 26.12% and decreased month-on-month by -1.01% to N286.92 in September 2020 from N289.86 in August 2020.

Read Also:  Nigeria Imports 189.5metric tonnes of Tomato Paste in One Year

Similarly, the average price of 1kg of yam tuber increased year-on-year by 29.11% and decreased month on month by -4.08% to N245.62 in September 2020 from N256.06 in August 2020.

- Advertisement -
Prices of Rice, Yam, Tomato, increased in September - Report - Brand SpurPrices of Rice, Yam, Tomato, increased in September - Report - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  IITA commissions new meeting facility at HQ in Ibadan

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Prices of Rice, Yam, Tomato, increased in September - Report - Brand SpurPrices of Rice, Yam, Tomato, increased in September - Report - Brand Spur

Latest News

Eurobond Market November Review and Outlook

In November, the announcement of an effective vaccine for COVID-19, the US election and the second wave of coronavirus...

McNichols Consolidated reports 109,500 shares purchase by a substantial shareholder

McNichols Consolidated Plc has reported an insider purchase of 109,500 shares at N0.51 per share which amounted to N55,845 by the Managing Director, Chimaraoke...

United Capital Plc Raises N15Bn in Series 3 Commercial Paper Issuance

Following its debut Series 1 & 2 Commercial Paper issuance of N5.3 billion in April 2020, United Capital Plc has successfully raised N15 billion...

Zenith Bank Emerges Best Bank in Nigeria in the Banker’s Bank of the Year Awards 2020

Zenith Bank Plc has emerged as Bank of the Year in Nigeria in The Banker's Bank of the Year Awards 2020. This is coming...

Market Contracts to halt 6 Days Consecutive Uptrend…ASI Down by 26bps

Equities market halts uptrend on the back of selloffs in large and mid-cap stocks. Notably, the All-Share Index (ASI) waned by 30ps to 35,056.82...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Prices of Rice, Yam, Tomato, increased in September - Report - Brand SpurPrices of Rice, Yam, Tomato, increased in September - Report - Brand Spur