he average prices of food items in Nigeria recorded significant increases within a one-year period spanning between February 2021 and February 2022, data from the National Bureau of Statistics show.

According to NBS, the average cost of beans (white, black eye, sold loose) rose by 50.1 per cent from N331.48 to N 497.54 during the review period.

On a monthly basis, the price of beans recorded an increase of 3.34 per cent from N481.47 in January 2022 to N 497.54 in February 2022.

As of February 2021, the average cost of 1kg of tomatoes was N269.18. It however increased to N393.08 in February 2022 indicating 46.03 per cent increase

The average price of 500g of sliced bread also increased year-on-year by 34.11 per cent from N326.61 in February 2021 to N438.03 in February 2022.

“Likewise, the average price of 1kg of tomato increased from N367.01 in January 2022 to N393.08 in February 2022, indicating 7.10 per cent rise,” the report added.

Source BBC

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