Rice is increasingly going beyond the reach of ordinary Nigerians as the price rose further by 17.5% in May, according to the National Bureau of Statistics (NBS).
In a recent report, NBS showed that the average price of 1kg of rice increased by 17.46% year-on-year in May 2021.
Furthermore, NBS disclosed prices of other food items in a report titled, “Selected food price watch data for May 2021”, revealing the increase Nigerians were made to pay for food in the month of May 2021.
According to the report, “The average price of 1 dozen of Agric eggs medium size increased year-on-year by 17.10% and month-on month by 2.10% to N541.53 in May 2021 from N530.40 in April 2021 while the average price of piece of Agric eggs medium size (price of one) increased year-on-year by 22.41% and month-on-month by 1.72% to N49.99 in May 2021 from N49.14 in April 2021.
“The average price of 1kg of tomato increased year-on-year by 9.09% and month-on-month by 9.47% to N303.51 in May 2021 from N277.26 in April 2021.
“The average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 17.46% and month-on-month by 0.65% to N544.09 in May 2021 from N540.58 in April 2021.
“Similarly, the average price of 1kg of yam tuber increased year-on-year by 13.96% and month on month by 6.80% to N269.98 in May 2021 from N252.80 in April 2021.”