{"id":28099,"date":"2020-08-20T13:35:28","date_gmt":"2020-08-20T13:35:28","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=28099"},"modified":"2020-08-20T13:35:37","modified_gmt":"2020-08-20T13:35:37","slug":"food-prices-soared-in-july-nbs","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=28099","title":{"rendered":"Food prices soared in July \u2013NBS"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/www.ripplesnigeria.com\/wp-content\/uploads\/2019\/03\/increase-price-chart.jpg\" alt=\"Oil prices rise as US, China close to ending trade dispute\"\/><\/figure>\n\n\n\n<p>The costs of various food items escalated in July, the National Bureau of Statistics (NBS) said in its Selected Food Price Watch July 2020 report on Thursday.<\/p>\n\n\n\n<p>\u201cSelected food price watch data for July 2020 reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 1.24% and month on month by 0.27 per cent to N474.12 in July 2020 from N472.83 in June 2020 while the average price of piece of Agric eggs medium size (price of one) increased year-on-year by 10.61% and month-on-month by 0.66 per cent to N42.45 in July 2020 from N42.18 in June 2020\u201d, the statistics office said.<\/p>\n\n\n\n<p>Food inflation in Africa\u2019s largest economy rose from 15.18% in June to 15.48% in July, the NBS&nbsp;<a href=\"https:\/\/www.ripplesnigeria.com\/nigerias-inflation-rate-hits-12-82-in-july-highest-in-27-months\/\" target=\"_blank\" rel=\"noreferrer noopener\">stated<\/a>&nbsp;in its Consumer Price Index report on Monday as disposable income faces pressures from a border closure imposed by government a year ago and the coronavirus crisis weigh on cost of living. The figure has been in double digits for over three years.<\/p>\n\n\n\n<p>The new food price watch data noted that the average price of 1kg of rice (imported high quality sold loose) leapt by 37.72% year on year. It, however, increased by 2.23% from N479.74 in June to N490.44 in July.<\/p>\n\n\n\n<p>The average price of 1kg of yam tuber climbed year on year by 50.10% and month on month by 2.29% to N256.44 IN July from N250.70 the month before.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The costs of various food items escalated in July, the National Bureau of Statistics (NBS) said in its Selected Food Price Watch July 2020 report on Thursday. \u201cSelected food price watch data for July 2020 reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 1.24% and month on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[21],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Food prices soared in July \u2013NBS &raquo; WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=28099\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=28099#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=21\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Food prices soared in July \u2013NBS\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Food prices soared in July \u2013NBS &raquo; WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=28099","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=28099#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/watchdogplusmedia.com\/?cat=21"},{"@type":"ListItem","position":3,"name":"Food prices soared in July \u2013NBS"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=21\" rel=\"category\">Economy<\/a>","rttpg_excerpt":"The costs of various food items escalated in July, the National Bureau of Statistics (NBS) said in its Selected Food Price Watch July 2020 report on Thursday. \u201cSelected food price watch data for July 2020 reflected that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 1.24% and month on&hellip;","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/28099"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28099"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/28099\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}