Ebonyi and Abia states led as food prices jumped by 31 per cent within 12 months from July 2022 to July 2023.

This is according to an analysis of the ‘Selected Food Price Watch,’ a report published on a monthly basis by the National Bureau of Statistics.

The selected food items include staples such as rice(1kg), beans(1kg), bread (500g), tomatoes, beef, wheat (2kg), garri(1kg) and palm oil (1 bottle).

According to the reports, the highest food price increase was recorded in the price of yam, which jumped by 42 per cent, from N389.75 in July 2022 20 N539.41 in 2023.


This was closely followed by the price of one kilogram of rice, which increased from N467.80 to N653.49 within 12 months.

In the same vein, the price of palm oil went up by 35 per cent, from N890.67 to N1208.62 during the period in review.

Other staple foods which contributed to the food price hike included Garri (1kg), which increased by 33 per cent, from N323.17 to N429.89. 500g of sliced bread also increased from N486.27 to N651.78 (+34 per cent).

A kilogram of tomato (N446.81 to N557.96), Wheat (2kg) (N1094.72 to N1419.14), and Beef (N2118.84 to N2758.13), also accounted for some of the staple food items which recorded significant price spikes.

Further analysis of the report showed that South-Eastern states, led by Abia and Ebonyi recorded the highest food prices during the twelve-month period.

On the other hand, states within the North Central (Kogi, Niger, Benue) recorded the lowest food prices during this time.

In its latest Consumer Price Index, a report which measures inflation, the NBS had said food inflation rate in August, which was 29.34 per cent, was the primary factor which pushed headline inflation from 24.08 in July to 25.80 in August.

The NBS said, “The rise in food inflation on a year-on-year basis was caused by increases in prices of oil and fat, bread and cereals, fish, fruit, meat, vegetables and potatoes, yam and other tubers, vegetable, milk, cheese and eggs.

Source: https://punchng.com/Food-prices-jump-by-31%-says-NBS

How I miss Goodluck Jonathan.

The jump is persistent since Tinubu took over jumping from frying pan to fire

This NBS don't know wetin dey sup. 500g of bread is from 800 naira upwards.

As expected since the main revenue and utility mineral resource was made to experience high jump!.
To compound it the international price for it keeps increasing and we are yet to have an in-house functioning refinery.
It's a pity.

Shoutout to fellow remote earners and peeps with multiple income means via online earning in $ollars/£ounds.



Wittyness

Chaiii Tinubu government destroyed the Nigeria economy no be small. The food prices will continue to increased cos’ the price of crude oil will continue to increased too. Nigerians will suffered more. Chaiii hungerbad. Meanwhile, Tinubu has failed woefully completely in governance, Tinubu is not our Messiah in Nigeria, He increased the price of fuel, increased the tuition fees- Yoruba Muslim cleric

Hear what this cleric has to say about Nigeria's situation. I really love the last words of this Yoruba cleric, he really understands the Nigeria situation and the mere solution to the crisis Nigerians are facing in electing our leaders. The Yoruba Muslim cleric emphasised on Education, it really shows that education is the bedrock of the nation building in Nigeria and Nigeria leaders should build their government upon.


https://www.youtube.com/watch?v=lN-HvFT5_R8

Shege promaximus loaded, reloaded and upgraded. Food inflation and hence food insecurity just like the double digits unabating galloping inflation.

They were warned, nay! Some deluded fellas said he has the midas touch. Tinubu is a master strategist. He did it in Lagos. He will replicate it all over Nigeria.
.
A man with zilch economic sense whose stock in trade is stealing, embezzlement, corruption and criminality. Now, there you have it. Guess it has favoured Helinues and others.

This (President Bola Tinubu) is a man who is the answer to the prayers of Nigerians to God.This President is the last hope for this country, his renewed hope agenda needs the support of all of us

This is Dave Umahi talking yesterday. This is the emilokan warped mentality. Only the beneficiaries can talk this kind of bullshit. I guess it is time Nigerians start praying judgemental prayers for these irresponsibly wicked, evil and satanic government.

ican2020:
The jump is persistent since Tinubu took over jumping from frying pan to fire

There is serious hunger in the land

What of "Agbado" I am asking for a friend.

The bros just dey push economic hardship, no better plan for agriculture so far. The little men dey do na cattle dey destroy them.

God have mercy on the poor

More than 31%

Food prices keep jumping and the poor have been skipping meals, I just hope it won't get to a point where we'd be forced to have starve-a-thon.

"na statistics we go chop?"

Good
Let it keep soaring

They don't need to tell us. We are feeling it already.
I hope APC online defenders are not affected.

Hmmmmmm

"Your subscription to renewed suffering has been successfully activated. Thank you for choosing APC"

Inflation is very bad

Omihanifa:
This NBS don't know wetin dey sup. 500g of vread is from 800 naira upwards.

I'm not sure they did their research very well, the prices are more than this

Nats12:
Food prices keep jumping and the poor have been skipping meals

Hmmmnnn,,,,,,,,,

Bluntguy:
How I miss Goodluck Jonathan.

You went far nao

Even though Buhari regime was bad ,
Nigerians has started missing Buhari

Agbado is out to finish everything completely

BAT will favor me and my families clues....... Ntorrrr unu

May this jumping favour me and my family including Agbado peasants

On his sagacious mandate we stand

No retreating

Apc is a disaster

Wow!

What a great news!

This increase in food prices will surely continue to favour them and their families!

Make people no chop sand under this man's leadership...soon thieves go begin steal pot of food

It's even more for some commodities.