Food prices rise in April despite fall in inflation

The prices paid by consumers for rice, egg, tomatoes and yam rose in April despite 0.91 month-on-month (MoM) fall in 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.