This is coming despite the country’s headline inflation slowing in the last sixth months.
Headline inflation reached its lowest rate in six months in September, following a peak in March. Food inflation also slowed but remains high nonetheless. In its ‘Selected Food Price Watch’ data for September 2021, published on Tuesday, the bureau said its data showed that the average price of one dozen agric eggs medium size increased year-on-year by 25.84 per cent and month-on-month by 3.31 per cent to N604.99 in September 2021 from N585.64 in August.
Similarly, the average price of 1kg of local rice increased year-on-year and month-on-month by 4.95 per cent and 0.01 per cent respectively to N410.01 in September 2021 from N409.97 in August 2021.Also, the average price of 1kg of tomato increased year-on-year by 19.28 per cent and decreased month-on-month by -13.66 per cent to N342.25 in September 2021 from N396.38 in August 2021.
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