By Bisola Adeyemo
Prices of some food items in the market rose in April despite a 0.91 month-on-month (MoM) fall in the food inflation sub-index during the period.
Similarly, transport fare for bus, air, motorcycle and waterway journeys increased amidst a four percent drop in petrol price during the period.
In its latest data on selected food prices, the National Bureau of Statistics (NBS) said: “Selected food price watch data for April 2021 reflected that the average price of one dozen of agric eggs medium size increased year-on-year (YoY) by 11 percent and MoM by 1.13 percent to N530.40 in April 2021from N524.47 in March 2021 while the average price of piece of agric eggs medium size (price of one) increased YoY by 18 percent and MoM by 1.5 percent to N49.14 in April 2021 from N48.43 in March 2021.
But in its inflation report for April, NBS said that the food sub index declined by 0.91 percent MoM to 0.99 percent in April from 1.9 percent in March.
“The average price of 1kg of tomato increased YoY by 0.09 per cent and MoM by 3.7 per cent to N277 in April 2021 from N267 in March 2021.
“The average price of 1kg of rice (imported high quality sold loose) increased YoY by 14.6 per cent and decreased MoM by 0.67 per cent to N540 in April 2021 from N544 in March 2021.
“Transport Fare Watch Report” for April, NBS further stated that fare paid by passengers for bus journey intercity increased by 1.5 per cent MoM to N2,446 in April from N2,411 in March.