Business Prices of yam, tomato, others skyrocketed in June – NBS

The National Bureau of Statistics (NBS) has reported that prices of yam, tomato, and other foodstuffs skyrocketed in June.

The Selected food price watch data for June 2017 released yesterday by the NBS revealed that the average price of 1 kilogram of tomato increased year-on-year by 9.74 per cent and month-on-month by 10.39 per cent to N375.00 in June 2017 from N339.72 in May 2017.

In a separate report, the NBS disclosed that the inflation rate dropped to 16.10 per cent in June from the 16.25 per cent recorded in May, adding that despite the drop, food prices remained high.

FULL STORY – DAILY TRUST

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