Rice, Garri, Tomatoes Costs Rise 141% in a Yr – NBS

Rice, Garri, Tomatoes Costs Rise 141% in a Yr – NBS

Rice, Garri, Tomatoes Costs Rise 141% in a Yr – NBS

The common worth of rice, garri and tomatoes rose 141 % in a single 12 months, the best yearly improve for the interval, based on knowledge from the chosen meals worth report.

The info reveals that the common worth of rice rose 156 % to N1,399 in 2024 from N547 in the identical interval of 2023.

Additionally, the common worth of garri – a significant consumed staple by low and center revenue surged 135 per cent from N363 in April 2023 to N852 within the corresponding interval in 2024.

On a month-on-month foundation, it surged 13.59 per cent from N750 in March to N1,554 in April.

The chosen meals worth report reveals that the common costs of meals gadgets equivalent to onion, rice, beans, bread, beef, tomato and garri, rose significantly in April, accelerating meals inflation to 40.5 per cent in April.

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The common worth of tomatoes elevated 17.9 % from N960 in March to N1,123 in April. It elevated 132 per cent year-on-year from N485 in the identical interval final 12 months.

Additionally, the common worth of 1kg garri white (bought free) elevated 13.59 per cent from N750 in March to N852 in April. The commodity elevated 135 per cent on a year-on-year foundation in comparison with the identical interval in 2023.

Moreover, the common worth of 1kg beans brown (bought free) rose by 125 per cent on a year-on-year foundation from N616 in April 2023 to N1,388 in April 2024, whereas there was a rise of 12.44 per cent on a month-on-month foundation.

On a state foundation, the report said that Niger recorded the best worth of a kg native parboiled rice at N1,785 whereas the bottom was recorded in Benue state at N994.

Evaluation by zone confirmed that the common worth of 1kg rice native bought free was highest within the South-West at N1,615, adopted by the South-South at N1,565, whereas the North-West recorded the bottom common worth at N1,163.

Nonetheless by zone, the common worth of 1kg of garri white was highest within the South-South and the South-West at N1,031 and N982, respectively, whereas the bottom was recorded within the North-West at N682.

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