Tomatoes, Yam Record Price Drop As Egg Increases In Nigeria

The National Bureau of Statistics said that the prices of Tomatoes and yams dropped on a Month-on-month basis in July 2024.

NBS disclosed this in its latest report on Selected Food Price Watch in July.

The report showed that the price of Tomatoes 1kg was reduced by -26.43 percent to N1,693.83 in July from N2,302.26 in June 2024.

Meanwhile, Tomatoes recorded a 203.57 percent increase on a year-on-year basis from N557.96 in July 2023 to N1,693.83 in July 2024.

Similarly, the average price of 1kg of Yam tuber decreased by -10.82 percent N1,802.84 from N 2,021.55 in June 2024.

However, the price of Yam increased by 234.23 percent on a year-on-year basis from N539.41 in July 2023 to N1,802.84 in July 2024.

Also, NBS data showed that the prices of eggs, beans and garri increased on a month-on-month and year-on-year basis in the period under review.

NBS statement reads “Selected Foods Price Watch for July 2024 shows that the average price of 1kg beans brown (sold loose) stood at N2,444.81. This indicates a rise of 262.98% in price on a year-on-year basis from N673.53 recorded in July 2023 and a 6.63% rise in price on a month-on-month basis from N2,292.76 in June 2024.

“Agric eggs medium size (12 piece) experienced significant price increases year on year by N2,170.17% from N1,006.64 in July of last year (2023) to N1,935.69 in June 2024. On a month-on-month basis, the average price of this item rose by 12.11% from N1,935.69 in June 2024.

“There was also a notable price increase of Tomato 1kg by 203.57% on a year-on year basis from N557.96 in July 2023 to N1,693.83 in July 2024. On a month-on-month basis, it decreased by -26.43% from N2,302.26 in June 2024.

“Furthermore, the average price of 1kg Garri white sold loose went up by 167.98% on a year-on year basis from N429.89 in July 2023 to N1,151.79 in July 2024, while there was an increase of 1.43% on a month-on-month basis.

“Also, the average price of 1kg of Yam tuber increased by 234.23% on a year-on-year basis from N539.41 in July 2023 to N1,802.84 in July 2024. On a month-on-month basis, it decreased by -10.82% from N 2,021.55 in June 2024 to N1,802.84 in July 2024.”