By Victory Oduneye
The recent increase in inflation rate has brought about further increase in the prices of food items in March 2021.
Recall that the National Bureau of Statistics, NBS had earlier reported that the consumer price index (CPI) which measures inflation, increased by 18.17% (year-on-year) in March 2021, 0.82% points higher than the rate recorded in February 2021 (17.33%), which in turn affected food prices.
This increase has caused hardship on many Nigerians as they are made to pay more to get a food item.
Giving details into how much certain food items cost, the NBS in its recent report titled ‘Selected food price watch data for March 2021’ reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 13.73% and month-on month by 1.19% to N524.47 in March 2021 from N518 30 in February 2021.
“While the average price of piece of Agric eggs medium size (price of one} increased year-on-year by 21.39% and month-on-month by 2.29% to N48.43 in March 2021 from N47.35 in February 2021.
“The average price of 1kg of tomato increased year-on-year by 4.75% and decreased month-on-month by -0.64% to N267.45 in March 2021 from N269.18 in February 2021.
“The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 24.06% and month-on month by 1.27% to N544.21 in March 2021 from N537.37 in February 2021.
“Similarly, the average price of 1kg of yam tuber increased year-on-year by 18.77% and month on month by 0.82% to N244.82 in March 2021 from N242.82 in February 2021.” It stated.