According to data released by the National Bureau of Statistics , Nigerians faced higher food prices in May 2023.
The NBS said the average price of 1kg of tomato increased by 17.68 percent on a year-on-year basis from N423.48 in May 2022, to N498.34 in May 2023. The price of the item increased by 2.73 percent in May 2023, on a month-on-month basis. also documents the unrelenting upsurge in food prices, effectively reducing the purchasing power of some Nigerians.
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