Photo by Shanice Garcia on Unsplash
The National Bureau of Statistics (NBS) has disclosed that price of rice (imported high quality sold loose) increased year-on-year by 23.46% and month-on-month by 3.71% to N549.98 in November 2020 from N530.32 in October 2020.
Brandnewsday gathers that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 6.64% and month-on-month by 1.42% to N494.72 in November 2020 from N487.81 in October 2020.
The NBS disclosed this in a Selected Food Price Watch Data for November made available to Brand News Day.
The bureau said that the average price of a piece of Agric eggs medium size (the price of one) increased year-on-year by 8.68% and month-on-month by 2.36% to N44.75 in November 2020 from N43.72 in October 2020.
The report stated that the average price of 1kg of tomato increased year-on-year by 25.86% and month-on-month by 2.77% to N316.16 in November 2020 from N307.63 in October 2020.
According to the report, the average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 23.46% and month-on-month by 3.71% to N549.98 in November 2020 from N530.32 in October 2020.
Similarly, the average price of 1kg of yam tuber increased year-on-year by 16.26% and decreased month on month by -2.72% to N236.25 in November 2020 from N242.87 in October 2020.
Notably, pressures on the food inflation sub-index are likely to continue in December due to festivities-related demand and supply shortages amid lingering insecurity, structural bottlenecks, and currency market volatilities.
Stanbic IBTC - Micro, Small, and Medium Enterprises (MSMEs) across Oyo State embraced the opportunity…
Guaranty Trust Bank Ltd (GTBank), the flagship banking subsidiary of Guaranty Trust Holding Company Plc…
As a major sponsor of Lagos Polo Club over the years, Stanbic IBTC was proud…
Kenya has introduced new legal powers allowing its central bank to provide emergency financial support…
Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been named the Best Investment…
By Olajumoke Bello, Head Enterprise Banking, Stanbic IBTC Bank Across Nigeria, small and medium enterprises…
This website uses cookies.