Uncategorized
NBS: Prices Of Egg, Rice, Others Rose In January
There was a general rise in the price of essential food items in January, according to food price data released by the National Bureau of Statistics, NBS.
The report stated that the price of eggs, tomatoes, rice and yam increased significantly last month.
The NBS said these in its report titled ‘Selected food prices watch for January 2021’, which was released on Friday.
It said, “Selected food price watch data for January 2021 reflected that the average price of one dozen of agric eggs medium size increased year-on-year by 12.48 per cent and month-on month by 2.26 per cent to N510.84 in January 2021 from N499.55 in December 2020.
“The average price of piece of agric eggs medium size (price of one) increased year-on-year by 15.03 per cent and month-on-month by 1.79 per cent to N46.21 in January 2021 from N45.40 in December 2020.”
The NBS added, “The average price of 1kg of tomato increased year-on-year by 22.11 per cent and decreased month-on-month by -6.59 per cent to N289.66 in January 2021 from N310.10 in December 2020.
“The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 21.69 per cent and month-on-month by 0.11 per cent to N551.57 in January 2021 from N550.94 in December 2020.
Similarly, the average price of 1kg of yam tuber increased year-on-year by 21.56 per cent and month on month by 0.51 per cent to N234.67 in January 2021 from N233.48 in December 2020.”
The NBS had earlier disclosed that the consumer price index, which measures inflation, increased by 16.47 per cent (year-on-year) in January.
This was the highest inflation rate recorded in the country since April 2017.
According to the NBS, the figure is 0.71 per cent points higher than the rate recorded in December 2020 (15.75 per cent).
Author
Add your voice
0 comments
FuturizeU supports development of innovative healthcare products in Africa
Futurize and AstraZeneca are investing in social entrepreneurs who are developing innovative products that are addressing healthcare equity and early...
Saudi Fund for Development advocates Climate Change Mitigation, Social Infrastructure Investments in Africa
The Saudi Fund for Development (SFD) has advocated for the preservation of heritage projects in Africa through initiatives such...
Catalyst Fund Raises First Round of $40 million investment in African Climate Startups
The Catalyst Fund has achieved the initial close of its $40 million fund for investing in climate startups in Africa....
Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad
A Danish football club, Aarhus Fremad announced on Tuesday that it has sold 55 percent of its shares to the...
MRI is increasing survival rate of women with breast cancer- PPC
PPC Limited, Nigeria’s leading engineering and infrastructure development company with footprints across Nigeria’s healthcare landscape, says that the advancement of...
Appeal court upholds Senator Ademola Adeleke’s win in Osun
The Court of Appeal Abuja has overturned the ruling of the Osun State Governorship tribunal and has declared Senator Ademola Adeleke...
Lawmaker demands revamp of bank e-payment platforms
The members of the House of Representatives have demanded that the Central Bank of Nigeria (CBN) direct banks to revamp...
We’ve disbursed N20bn to alleviate cash crunch, CBN tells NLC
The Central Bank of Nigeria (CBN) met with the leadership of the Nigeria Labour Congress (NLC) in Abuja on Thursday,...
Apply for Amazon Accelerator programme for fintech founders
Application closes April 27, 2023 Today, Amazon Web Services’ Startup Loft Accelerator team announced the inaugural launch of its AWS...
Fully Funded Rotary Peace Fellowships for Masters students
Application Deadline: May 15, 2023 Each year, Rotary awards fully funded fellowships for dedicated leaders from around the world to...
