The National Bureau of Statistics, NBS, on Friday said that the price of yam increased in May 2021. According to the bureau, the average price of 1kg of yam tuber increased year on year by 13.96% and month on month by 6.80% to N269.98 in May 2021 from N252.80 in April 2021.
Data released by the Bureau for May 2021, tagged ‘Selected Food Price Watch’ revealed that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 17.10% and month-on-month by 2.10% to N541.53 in May 2021 from N530.40 in April 2021.
Data obtained by Brand Spur showed that the average price of a piece of Agric eggs medium size (the price of one) increased year-on-year by 22.41% and month-on-month by 1.72% to N49.99 in May 2021 from N49.14 in April 2021.
Also, the report stated that the average price of 1kg of tomato increased year-on-year by 9.09% and month-on-month by 9.47% to N303.51 in May 2021 from N277.26 in April 2021.
Similarly, the average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 17.46% and month-on-month by 0.65% to N544.09 in May 2021 from N540.58 in April 2021.
In May 2021, the food inflation rate on a year on year basis was highest in Kogi (32.82%), Kwara (26.02%) and Enugu (25.43%), while Akwa Ibom (20.06%), Bauchi (18.65%) and Abuja (16.91%) recorded the slowest rise in year on year inflation.
On a month-on-month basis, however, May 2021 food inflation was highest in Kogi (3.11%), Ogun (2.89%) and Anambra (2.37%), while Edo, Sokoto and Ekiti recorded price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).
In May 2021, all items inflation on year on year basis was highest in Kogi (25.13%), Bauchi (23.02%) and Sokoto (20.11%), while Katsina (15.69%), Imo (15.52%) and Delta (14.85%) recorded the slowest rise in headline Year on Year inflation.
On a month-on-month basis, however, in May 2021 all items inflation was highest in Kogi (2.22%), Ogun (2.17%) and Cross River (2.07%), while Ekiti (0.02%) recorded the slowest rise in headline month on month with River and Sokoto recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).
