Rising food prices, precarious family income – NBS

Rising food prices, precarious family income - NBS

Most meals costs rose in November this yr, whereas the revenue of many households remains to be in a precarious scenario, stated the Nationwide Statistics Workplace.

In its monitoring of chosen meals costs for November 2020, the NBS acknowledged that the chosen meals value statement information within the evaluation month mirrored that the typical value of a dozen medium-sized agricultural eggs elevated by 6, 64 p.c over the earlier yr.

He stated the commodity additionally elevated month-on-month by 1.42 p.c to N494.72 in November from N487.81 in October.

The company stated the typical value of a medium-sized piece of agricultural egg (value of 1) elevated by 8.68 p.c over the earlier yr and by 2.36 p.c month-over-month to N44.75 in November N43 0.72 in October.

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He additionally acknowledged that the typical value of 1 kg of tomatoes elevated 25.86% in relation to the earlier yr.

The NBS stated 1 kg of tomatoes elevated 2.77 p.c month-on-month to N316.16 in November from N307.63 in October.

For rice, it stated that the typical value of 1 kg of rice (imported top quality bought unfastened) elevated 23.46 p.c yr on yr and three.71 p.c month to month, to N549.98 in November N530.32 in October.

“Likewise, the typical value of 1 kg of yam tuber elevated by 16.26 p.c over the earlier yr and decreased by -2.72 p.c over the earlier month, to N236.25 in November, from N242 , 87 in October, “stated the bureau.

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As well as, in its October 19 COVID Influence Monitoring report, the bureau acknowledged that whereas the proportion of respondents who have been working remained secure in October at 87 p.c, the findings offered further proof that revenue remained precarious for a lot of households.

He stated that of the 84 p.c of households that operated a non-agricultural enterprise at any time in 2020, about 22 p.c weren’t working their companies in October.

The bureau subsequently noticed that if household revenue continued to be precarious, it may restrict the investments that households may make in schooling and well being providers for his or her members, even when faculties have been totally reopened and the federal government supported additional testing and vaccination.

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