The prices of major staple food items have dropped in Lagos Markets, compared to those during the Christmas and New Year periods. The price of cooking gas, local and foreign rice, beans as well as tomatoes recorded a significant drop compared to the previous month’s hike in price due to the festive season.
However, major food items such as egg, melon, tubers such as yam and potatoes all recorded a month-on-month increase in price in the review month. According to a market survey in some major markets in Lagos, the price of a big basket of tomatoes dropped by 22.1 percent to sell at an average of N13,625 compared to N17,500 recorded in December 2021.
In the same vein, the price of beans, particularly Oloyin, dropped by 15.1 percent to sell for an average of N34,375 in contrast to an average of N40,500 recorded in the previous month.
[ N100 =€0.22 ]
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