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Tomatoes, Yam, Record Price Drop in Nigeria

Prices of tomatoes, rice, yams rose in May: NBS

 

THE National Bureau of Statistics, NBS, 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.

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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 per cent increase on a year-on-year basis from N557.96 in July 2023 to N1,693.83 in July 2024.

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

However, the price of Yam increased by 234.23 per cent 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.

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