The prices of major food items in Lagos markets surged significantly in the month of June 2021 compared to May. Items such as vegetable oil, peppers, tomatoes, melons and onions all recorded a two-figure increase in price, according to the latest food price survey, carried out by Nairalytics Research.
According to their report, the price of beans, yam, tomatoes, garri, amongst others recorded a significant increase in June 2021. A big-sized basket of round shaped tomatoes that was initially sold for an average of N16,500, increased by 77.8% to sell for an average of N29,333. A medium-sized basket of round shaped tomatoes also increased by 81.3% to sell for an average of N14,500 as against the initial price of N8,000
The price of a big basket of oval-shaped tomatoes surged by 175%, selling for an average of N22,000 compared to N8,000 recorded two weeks ago. Recall that traders only started trading in oval-shaped tomatoes two weeks ago. A big bag of pepper recorded a 76.7% increase in price to sell for an average of N26,500 compared to an initial average price of N15,000 while the medium bag sells for an average of N18,000.
[ N100 = €0.2 ]
Source: nairametrics.com
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