A recent report from the National Bureau of Statistics, NBS, has shown that the amount paid for foodstuffs went up at an alarmingly fecund rate in the month of March.
The foodstuffs include yam, rice, eggs and tomato went up in March.
This agrees with its report on inflation in March which revealed that the composite food index increased by 22.95% when compared to 21.79% in February 2021.
In its selected Food Price Watch Data for March 2021, NBS said that the average price of one dozen of Agric eggs, medium size increased year-on-year, by 14% and month-on-month, by 1.19% to N524.47 in March 2021 from N518.30 in February 2021 while the average price of a piece of Agric eggs medium size (the price of one) increased Year-on-Year by 21% and Month-on-Month by 2.3% to N48.43 in March 2021 from N47.35 in February 2021.
It also noted that the average price of 1kg of tomato increased year-on-year by 4.8% and decreased Month-on-Month by -0.64% to N267.45 in March 2021 from N269.18 in February 2021.