Average Price of 1kg of Rice Increased By 21% to N438.66- NBS

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By Kayode Tokede

The National Bureau of Statistics (NBS) has said average price of 1kg of rice increased by 21 per cent to N438.66 in March.

The bureau in its selected food price watch data for March 2020 said “it reflected that the average price of one dozen of Agric eggs medium size increased year-on-year by 0.29per cent and month-on month by 2.87 per cent to N461.15 in March 2020 from N448.26 in February 2020.

“The average price of piece of Agric eggs medium size (price of one) decreased year-on-year by -4.83 per cent and increased month-on-month by 1.53 per cent to N39.90 in March 2020 from N39.29 in February 2020.

“The average price of 1kg of tomato increased year-on-year by 6.25 per cent and month-on-month by 5.60 per cent to N255.33 in March 2020 from N241.78 in February 2020.

“The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 21.21 per cent and decreased month-on-month by -1.21 per cent to N438.66 in March 2020 from N444.04 in February 2020.

“Similarly, the average price of 1kg of yam tuber increased year-on-year by 2.61 per cent and month on month by 8.75 per cent to N206.12 in March 2020 from N189.53 in February 2020.”