Average Price of 1kg of Rice Increased By 1.07% MoM to N361.39 in May 2019 – NBS

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Rice is one of the most common staples used for the preparation of many delicious Nigerian dishes. Some of our favorite and the most popular world renowned rice dishes are the Nigerian Jollof and fried rice. Over the past two years, consumers had to dig a bit deeper into their pockets to purchase rice so that they can continue to enjoy their favorite meals. The price of rice has been increasing. This increase has caused many people to become disgruntled. To learn more about the current price of rice in Nigeria continue reading this article.

Selected food price watch data for May 2019 reflected that the average price of 1 dozen of Agric eggs medium size decreased year-on-year by -15.27% and month-on month by -0.49% to N464.87 in May 2019 from N467.18 in April 2019 while the average price of piece of Agric eggs medium size (price of one) increased year-on-year by 2.52% and month-on-month by 2.08% to N42.82 in May 2019 from N41.95 in April 2019.

The average price of 1kg of tomato decreased year-on-year by -18.76% and month-on-month by -3.01% to N249.52 in May 2019 from N257.25 in April 2019.

The average price of 1kg of rice (imported high quality sold loose) decreased year-on-year by -3.54% and increased month-on-month by 1.07% to N361.39 in May 2019 from N357.55 in April 2019.

Similarly, the average price of 1kg of yam tuber decreased year-on-year by -25.85% and month-on month by -2.84% to N216.03 in May 2019 from N222.36 in April 2019.

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