| Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by iwaeda: 1:26pm On Jun 24 |
The prices of major staple food items such as tomato, beans, garri, and potatoes rose by over 30% in May, according to the National Bureau of Statistics (NBS) food price watch for the month.
The continuous rise in prices of goods and services appears unrelenting as the effect of the economic crunch makes life harder for millions of Nigerians who spend a large part of their income on food. The economy has been reeling from the effects of subsidy removal, exchange rate unification, and higher interest rates amidst a growing fiscal deficit.
According to the report, the average price of 1kg of brown beans (sold loose) increased by 219.05% year-on-year, rising from N629.75 in May 2023 to N2,009.23 in May 2024. On a month-on-month basis, the price increased by 44.77%, up from N1,387.90 in April 2024.
Similarly, the average price of 1kg of tomatoes rose by 196.92% year-on-year, from N498.34 in May 2023 to N1,479.69 in May 2024. Month-on-month, the price increased by 31.71%, up from N1,123.41 in April 2024.
Furthermore, the average price of 1kg of white garri (sold loose) increased by 200.12% year-on-year, rising from N371.42 in May 2023 to N1,114.72 in May 2024, with a month-on-month increase of 30.87%. Additionally, the average price of 1kg of yam tuber increased by 189.20% year-on-year, from N457.25 in May 2023 to N1,322.36 in May 2024. On a month-on-month basis, the price increased by 16.98%, up from N1,130.37 in April 2024.
The average price of 1kg of locally sold loose rice stood at N1,608.89. This represents an 189.79% increase year-on-year from N555.18 in May 2023 and a 14.98% rise month-on-month from N1,399.34 in April 2024.
State by State analysis
The state profile analysis for May 2024 reveals that the highest average price of 1kg of locally sold loose rice was recorded in Kogi State at N2,528.84, while the lowest was in Benue State at N1,013.59.
The highest average price of 1kg of brown beans (sold loose) was in Plateau at N2,855, with the lowest in Kebbi State at N1,171.21. For tomatoes, Rivers State had the highest average price at N2,100.12, while Katsina had the lowest at N775.02.
Gombe reported the highest average price for 1kg of white garri (sold loose) at N1,613.29, while the lowest was in Kwara at N825.70.
Increase across geo-political zones
Additionally, a zonal analysis showed that the Northeast had the highest average price for 1kg of locally sold loose rice at N1,821.77, followed by the Southwest at N1,698.53, with the Southeast recording the lowest at N1,328.44.
The highest average price for 1kg of brown beans (sold loose) was in the North-Central and South-South at N2,574.52 and N2,293.03, respectively, while the lowest was in the Northwest at N1,379.97.
The South-South recorded the highest average price for 1kg of tomatoes at N2,053.59, followed by the Southeast at N1,643.76, with the lowest in the Northeast at N1,050.84.
The Southwest and Northeast had the highest average prices for 1kg of white garri (sold loose) at N1,294.51 and N1,138.62, respectively, while the lowest was in the North-Central at N1,021.20.
What this means
The double-digit monthly increase in staple food prices denotes a renewed increase in food prices after the tepid rise seen in March and April. The spike also defies earlier projections that curve of food inflation will begin to flatten by the end of the first half of the year.
An earlier report by Nairametrics on food prices during the just concluded Muslim Eid celebration saw food prices at a 30year high making the period the most expensive for Muslims in almost three decades. https://nairametrics.com/2024/06/24/tinubunomics-bite-harder-as-prices-of-beans-tomato-garri-rise-by-over-30-in-one-month 11 Likes 3 Shares 
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| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by helinues: 1:33pm On Jun 24 |
Toh 77 Likes 4 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by Racoon(m): 1:36pm On Jun 24 |
Hehehe! Shege promax hitting everywhere that people are no more interested in earning money but how to even survive and meet up with basic necessities of life.
Emilokan continued the disastrous policies of the catastrophe. You don't expect the clueless bunch to be panacea to the multifaceted problems they have inflicted upon the nation.
Wicked people imposed these dumbasses just because of greed and wickedness. Posterity will never forgive them. Election has consequences Una say awalokan 155 Likes 11 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by Racoon(m): 1:40pm On Jun 24 |
helinues:
Toh In their campaign promises, the APC declared that insecurity, poor economy, corruption, weak naira amongst other nation’s difficulties would be successfully tackled if they won. Today what is the situation? Even the continued rise in unsold goods is caused by two factors namely the rising cost of living and the declining purchasing power of the citizens. A balabloo-blu-bulava druggie stole a mandate and started Tinubulation Economics. "Reduce the purchasing power of the people and slow down the economy." But your obsession is with those "wailing." You own no be am samsam. Buhari and Tinubu are two disasters Nigeria never deserved. It will never be well with whosoever have a hand in foisting these evil upon this nation. 132 Likes 13 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by EyeCumInPiss: 1:41pm On Jun 24 |
Fellow Nigerians, Happy Tinubulation.  98 Likes 7 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by helinues: 1:42pm On Jun 24 |
Racoon:
The continued rise in unsold goods is caused by two factors namely the rising cost of living and the declining purchasing power of the citizens. A balabloo-blu-bulava druggie, stolen mandate Tinubulation Economics. "Reduce the purchasing power of the people and slow down the economy" - Tinubu. Crying, wailing, nagging, that's all what you know. Sebi the southerners are still waiting for the Northerners to be continuing producing the foods they would consume. Make una no worry, the high price are just warming up. Why should foods that we are not exporting be costing ridiculously? Na wailing and nagging una sabi, not interested in finding what could be the problem not to talk of finding any solution. 52 Likes 7 Shares |
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| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by blacknp(m): 1:44pm On Jun 24 |
iwaeda:
The prices of major staple food items such as tomato, beans, garri, and potatoes rose by over 30% in May, according to the National Bureau of Statistics (NBS) food price watch for the month.
The continuous rise in prices of goods and services appears unrelenting as the effect of the economic crunch makes life harder for millions of Nigerians who spend a large part of their income on food. The economy has been reeling from the effects of subsidy removal, exchange rate unification, and higher interest rates amidst a growing fiscal deficit.
According to the report, the average price of 1kg of brown beans (sold loose) increased by 219.05% year-on-year, rising from N629.75 in May 2023 to N2,009.23 in May 2024. On a month-on-month basis, the price increased by 44.77%, up from N1,387.90 in April 2024.
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JUNE 24, 2024
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JUNE 23, 2024
Similarly, the average price of 1kg of tomatoes rose by 196.92% year-on-year, from N498.34 in May 2023 to N1,479.69 in May 2024. Month-on-month, the price increased by 31.71%, up from N1,123.41 in April 2024.
Furthermore, the average price of 1kg of white garri (sold loose) increased by 200.12% year-on-year, rising from N371.42 in May 2023 to N1,114.72 in May 2024, with a month-on-month increase of 30.87%. Additionally, the average price of 1kg of yam tuber increased by 189.20% year-on-year, from N457.25 in May 2023 to N1,322.36 in May 2024. On a month-on-month basis, the price increased by 16.98%, up from N1,130.37 in April 2024.
Stunned by thousands of storks flying over the sky in Gia Viễn dike, Ninh Bình - Nếm TV
News continues after this ad
The average price of 1kg of locally sold loose rice stood at N1,608.89. This represents an 189.79% increase year-on-year from N555.18 in May 2023 and a 14.98% rise month-on-month from N1,399.34 in April 2024.
State by State analysis
The state profile analysis for May 2024 reveals that the highest average price of 1kg of locally sold loose rice was recorded in Kogi State at N2,528.84, while the lowest was in Benue State at N1,013.59.
The highest average price of 1kg of brown beans (sold loose) was in Plateau at N2,855, with the lowest in Kebbi State at N1,171.21. For tomatoes, Rivers State had the highest average price at N2,100.12, while Katsina had the lowest at N775.02.
News continues after this ad
Gombe reported the highest average price for 1kg of white garri (sold loose) at N1,613.29, while the lowest was in Kwara at N825.70.
Increase across geo-political zones
Additionally, a zonal analysis showed that the Northeast had the highest average price for 1kg of locally sold loose rice at N1,821.77, followed by the Southwest at N1,698.53, with the Southeast recording the lowest at N1,328.44.
The highest average price for 1kg of brown beans (sold loose) was in the North-Central and South-South at N2,574.52 and N2,293.03, respectively, while the lowest was in the Northwest at N1,379.97.
The South-South recorded the highest average price for 1kg of tomatoes at N2,053.59, followed by the Southeast at N1,643.76, with the lowest in the Northeast at N1,050.84.
The Southwest and Northeast had the highest average prices for 1kg of white garri (sold loose) at N1,294.51 and N1,138.62, respectively, while the lowest was in the North-Central at N1,021.20.
What this means
The double-digit monthly increase in staple food prices denotes a renewed increase in food prices after the tepid rise seen in March and April. The spike also defies earlier projections that curve of food inflation will begin to flatten by the end of the first half of the year.
An earlier report by Nairametrics on food prices during the just concluded Muslim Eid celebration saw food prices at a 30year high making the period the most expensive for Muslims in almost three decades.
https://nairametrics.com/2024/06/24/tinubunomics-bite-harder-as-prices-of-beans-tomato-garri-rise-by-over-30-in-one-month Lazy Thing go and find a way to contribute & add value to your life & society in general. 7 Likes |
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| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by AngryMrMAN: 1:46pm On Jun 24 |
helinues:
The curiosity about your derailing activities on this forum is if the mods are not seeing it or they see them and deliberately ignored.
You created this moniker specially for trolling, why should mods allow such monikers to exist in the first place? You are delusional 113 Likes 14 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by hisgrace090: 1:49pm On Jun 24 |
Over 30 or over 300% ,it seems you the poster is not in Nigeria.
How can gari price that jumps from 800 naira to 4k amount to 30% increase if I may ask. 88 Likes 3 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by tobenuel(m): 2:08pm On Jun 24 |
So you people are now saying helinues steals eggs as an alternative. the same helinues said egg is not for the average and he codedly steals them. helinues have you begun cultivating crops in your fertile backyard? some of your lots don give up already, 30k don too small now o. when are you recruiting new accounts and bots? 75 Likes 9 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by iwaeda: 2:14pm On Jun 24 |
69 Likes 4 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by bizbro: 2:23pm On Jun 24 |
82 Likes 5 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by HenryThegreat1(m): 2:27pm On Jun 24 |
Terrible government 30 Likes |
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| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by phantom(m): 2:32pm On Jun 24 |
Una go stand tire ontop mandate... no worry.... 😂 30 Likes 4 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by vibemad007: 2:35pm On Jun 24 |
Racoon:
In their campaign promises, the APC declared that insecurity, poor economy, corruption, weak naira amongst other nation’s difficulties would be successfully tackled if they won.
Today what is the situation? Even the continued rise in unsold goods is caused by two factors namely the rising cost of living and the declining purchasing power of the citizens.
A balabloo-blu-bulava druggie, stolen mandate Tinubulation Economics. "Reduce the purchasing power of the people and slow down the economy." Buhari and Tinubu are two disasters Nigeria never deserved. It will never be well with whosoever have a hand in foisting these evil upon this nation. they didn't win 4 Likes |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by Tochi3(m): 2:37pm On Jun 24 |
.. ..where is hellanuis..has he said toh.. 25 Likes 4 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by Tochi3(m): 2:40pm On Jun 24 |
32 Likes 2 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by Tochi3(m): 2:42pm On Jun 24 |
EyeCumInPiss:
Fellow Nigerians,
Happy Tinubulation. ..i don save sharp sharp..what an incompetent clueless frög.. 8 Likes 1 Share |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by iwaeda: 2:52pm On Jun 24 |
Tinubunomics, Nlfpmod. Real definition of hunger and hardship.  5 Likes |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by iwaeda: 4:03pm On Jun 24 |
1 Like |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by ambale(m): 4:14pm On Jun 24 |
helinues:
Toh Toh Kee you there Shebi u don dey grow your own beans, rice, tomatoes amd all others as advised by your slave masters? 59 Likes 4 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by GodHimself: 4:40pm On Jun 24 |
There’s something off about this write up iwaeda:
The
prices of major staple food items such as tomato, beans, garri, and potatoes rose by over 30% in May, according to the National Bureau of Statistics (NBS) food price watch for the month.
The continuous rise in prices of goods and services appears unrelenting as the effect of the economic crunch makes life harder for millions of Nigerians who spend a large part of their income on food. The economy has been reeling from the effects of subsidy removal, exchange rate unification, and higher interest rates amidst a growing fiscal deficit.
According to the report, the average price of 1kg of brown beans (sold loose) increased by 219.05% year-on-year, rising from N629.75 in May 2023 to N2,009.23 in May 2024. On a month-on-month basis, the price increased by 44.77%, up from N1,387.90 in April 2024.
RelatedStories
Most expensive states to buy fuel as of May 2024
JUNE 24, 2024
Electricity supply by Discos declines by 10.3% in Q1, 2024 – NBS
JUNE 23, 2024
Similarly, the average price of 1kg of tomatoes rose by 196.92% year-on-year, from N498.34 in May 2023 to N1,479.69 in May 2024. Month-on-month, the price increased by 31.71%, up from N1,123.41 in April 2024.
Furthermore, the average price of 1kg of white garri (sold loose) increased by 200.12% year-on-year, rising from N371.42 in May 2023 to N1,114.72 in May 2024, with a month-on-month increase of 30.87%. Additionally, the average price of 1kg of yam tuber increased by 189.20% year-on-year, from N457.25 in May 2023 to N1,322.36 in May 2024. On a month-on-month basis, the price increased by 16.98%, up from N1,130.37 in April 2024.
Stunned by thousands of storks flying over the sky in Gia Viễn dike, Ninh Bình - Nếm TV
News continues after this ad
The average price of 1kg of locally sold loose rice stood at N1,608.89. This represents an 189.79% increase year-on-year from N555.18 in May 2023 and a 14.98% rise month-on-month from N1,399.34 in April 2024.
State by State analysis
The state profile analysis for May 2024 reveals that the highest average price of 1kg of locally sold loose rice was recorded in Kogi State at N2,528.84, while the lowest was in Benue State at N1,013.59.
The highest average price of 1kg of brown beans (sold loose) was in Plateau at N2,855, with the lowest in Kebbi State at N1,171.21. For tomatoes, Rivers State had the highest average price at N2,100.12, while Katsina had the lowest at N775.02.
News continues after this ad
Gombe reported the highest average price for 1kg of white garri (sold loose) at N1,613.29, while the lowest was in Kwara at N825.70.
Increase across geo-political zones
Additionally, a zonal analysis showed that the Northeast had the highest average price for 1kg of locally sold loose rice at N1,821.77, followed by the Southwest at N1,698.53, with the Southeast recording the lowest at N1,328.44.
The highest average price for 1kg of brown beans (sold loose) was in the North-Central and South-South at N2,574.52 and N2,293.03, respectively, while the lowest was in the Northwest at N1,379.97.
The South-South recorded the highest average price for 1kg of tomatoes at N2,053.59, followed by the Southeast at N1,643.76, with the lowest in the Northeast at N1,050.84.
The Southwest and Northeast had the highest average prices for 1kg of white garri (sold loose) at N1,294.51 and N1,138.62, respectively, while the lowest was in the North-Central at N1,021.20.
What this means
The double-digit monthly increase in staple food prices denotes a renewed increase in food prices after the tepid rise seen in March and April. The spike also defies earlier projections that curve of food inflation will begin to flatten by the end of the first half of the year.
An earlier report by Nairametrics on food prices during the just concluded Muslim Eid celebration saw food prices at a 30year high making the period the most expensive for Muslims in almost three decades.
https://nairametrics.com/2024/06/24/tinubunomics-bite-harder-as-prices-of-beans-tomato-garri-rise-by-over-30-in-one-month |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by iwaeda: 4:44pm On Jun 24 |
GodHimself:
There’s something off about this write up
Ask Nlfpmod to put it right. 5 Likes |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by nedu666: 4:47pm On Jun 24 |
Tinubu is doing well as the no 1 distributor of poverty detergent in Nigeria. 25 Likes 2 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by nedu666: 4:48pm On Jun 24 |
ambale:
Toh Kee you there
Shebi u don dey grow your own beans, rice, tomatoes amd all others as advised by your slave masters? He is an online farmer like many of those who says go and farm but ask them to show you their farm, they go silent 24 Likes 2 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by VinnyBaba: 4:57pm On Jun 24 |
Plant your own beans. Bake your own bread. Sew your own Pyant. According to this MUMU APC/tinibu Govt.  33 Likes 6 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by fuckingAyaya(m): 5:01pm On Jun 24 |
We don't care of we eat grass, we must teach Peter obi a lesson 22 Likes 3 Shares |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by ivandragon: 6:22pm On Jun 24 |
Hmm... |
| Re: Tinubunomics Bite Harder As Prices Of Beans, Tomato, Garri Rise By Over 30% by Metordman: 7:19pm On Jun 24 |
30 Likes 2 Shares |
