Nigerian Agency NBS Reports Increase in Prices of Beans, Yam, and Garri Amid Ongoing Food Inflation

The National Bureau of Statistics (NBS) has reported a consistent increase in food prices in Nigeria. As of June 2024, the average price of 1kg beans brown (sold loose) was N2,292.76, a 252.13% increase from N651.12 in June 2023 and a 14.11% increase from N2,009.23 in May 2024.

Tomatoes (1kg) also saw a significant increase, rising by 320.67% from N547.28 in June 2023 to N2,302.26 in June 2024. Garri white sold loose also saw an 181.66% increase, while Yam tuber increased by 295.79% from N510.77 in June 2023 to N2,021.55 in May 2024.

The highest average price of 1kg of tomato was recorded in Abuja at N 3,992.61, while the lowest was in Kebbi State at N1,200.00. The highest price of yam tuber was in Lagos state at N 3,376.54, while Adamawa recorded the lowest at N1100.00.

Gombe recorded the highest average price of 1kg Garri white sold loose at N 1,619.27, while the lowest was reported in Taraba at N 900.00. Food inflation reached 40.87% in June 2024, raising concerns over the consistent increase in food prices in Nigeria.