{"id":669,"date":"2021-03-01T02:24:29","date_gmt":"2021-03-01T02:24:29","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=669"},"modified":"2021-03-01T02:24:29","modified_gmt":"2021-03-01T02:24:29","slug":"food-prices-soar-in-january-says-nbs","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/food-prices-soar-in-january-says-nbs\/","title":{"rendered":"Food Prices Soar in January, Says NBS"},"content":{"rendered":"<h6><span style=\"color: #0000ff;\">There was a general rise in food prices in January, the National Bureau of Statistics has said.<\/span><\/h6>\n<p>&nbsp;<\/p>\n<p>The NBS said this in its report titled \u2018Selected food prices watch for January 2021\u2019, which was released on Friday.<\/p>\n<p>&nbsp;<\/p>\n<p>It said, \u201cSelected food price watch data for January 2021 reflected that the average price of one dozen of agric eggs medium size increased year-on-year by 12.48 per cent and month-on month by 2.26 per cent to N510.84 in January 2021 from N499.55 in December 2020.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThe average price of piece of agric eggs medium size (price of one) increased year-on-year by 15.03 per cent and month-on-month by 1.79 per cent to N46.21 in January 2021 from N45.40 in December 2020.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>The NBS added, \u201cThe average price of 1kg of tomato increased year-on-year by 22.11 per cent and decreased month-on-month by -6.59 per cent to N289.66 in January 2021 from N310.10 in December 2020.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThe average price of 1kg of rice (imported high quality sold loose) increased year-on-year by 21.69 per cent and month-on-month by 0.11 per cent to N551.57 in January 2021 from N550.94 in December 2020.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cSimilarly, the average price of 1kg of yam tuber increased year-on-year by 21.56 per cent and month on month by 0.51 per cent to N234.67 in January 2021 from N233.48 in December 2020.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>The NBS had earlier disclosed that the consumer price index, which measures inflation, increased by 16.47 per cent (year-on-year) in January.<\/p>\n<p>&nbsp;<\/p>\n<p>This was the highest inflation rate recorded in the country since April 2017.<\/p>\n<p>&nbsp;<\/p>\n<p>According to the NBS, the figure is 0.71 per cent points higher than the rate recorded in December 2020 (15.75 per cent).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There was a general rise in food prices in January, the National Bureau of Statistics has said. &nbsp; The NBS said this in its report titled \u2018Selected food prices watch for January 2021\u2019, which was released on Friday. &nbsp; It said, \u201cSelected food price watch data for January 2021 reflected that the average price of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15,4],"tags":[20,405,21],"class_list":["post-669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-economy","tag-food-prices","tag-january","tag-nbs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Food Prices Soar in January, Says NBS &#8212; Business Bells<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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