Prices of three food items including tomatoes, yam, rice increased in December data from the National Bureau of Statistics have shown.

The NBS in its selected food price watch for December reported that the average price of 1 dozen of Agric eggs medium size decreased year-on-year by -1.96% and month-on-month by -1.32% to N457.80 in December 2019 from N463.91 in November 2019 while the average price of piece of Agric eggs medium size (price of one) decreased year-on-year by -4.37% and month-on-month by -1.13% to N40.72 in December 2019 from N41.18 in November 2019.

According to NBS, the average price of 1kg of tomato decreased year-on-year by -2.80% and increased month-on-month by 5.05% to N263.90 in December 2019 from N251.21 in November 2019.

The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 24.10% and month-on-month by 3.24% to N459.90 in December 2019 from N445.45 in November 2019.

Similarly, the average price of 1kg of yam tuber decreased year-on-year by 2.74% and increased month-on-month by 1.78% to N206.82 in December 2019 from N203.20 in November 2019.

In addition to purchases in December, the period was also marked by three months of border closure in which goods like rice were barred from coming into the country from neighbouring Republic of Benin, Niger and other countries.

The border closure which came into effect on August 28 has seen prices of food increasing. Experts have said the border closure had made life difficult for an average Nigerian with very low purchasing power.

SOURCE:https://brandspurng.com/2020/01/22/price-of-tomato-yam-rice-increase-in-december-nbs/

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