Hardship: Yam, tomatoes record drop in prices – NBS

The National Bureau of Statistics has revealed that the prices of Tomatoes and Yam tubers dropped in August 2024 amid economic hardship.

NBS disclosed this in its recently released Selected Food Prices Watch for August 2024.

According to NBS, the prices of Tomatoes and Yams declined on a Month-on-month basis but remained high on a year-on-year basis.

This is as one kilogram of Tomatoes decreased by 11.07 percent month-on-month from N1,693.83 in July 2024 to N1,506.35.

Also, the average price of 1kg of Yam tuber increased by 188.31 percent on a year-on-year basis from N576.39 in August 2023 to N1,661.80 in July 2024. On a month-on-month basis, it decreased by -7.82 percent from N1,802.84 in July 2024.

Meanwhile, the data showed that Beans, Rice, Bread, and Eggs have continued to rise in Nigeria.

This development comes as the August headline and Food inflation stood at 32.15 percent and 37.52 percent.

The Executive Director of the Centre For the Promotion of Private, Muda Yusuf urged the Nigerian government to speed up the 150-day zero-tariff waiver on rice, grain, sorghum, millet, maise, wheat and beans to ease the economic hardship occasioned by the food price hike.