Tomatoes and Yam Experience Significant Price Reduction in the Nigerian Market.

The National Bureau of Statistics reported a decrease in the prices of tomatoes and yams on a month-over-month basis in July 2024.

According to the bureau’s latest report on Selected Food Price Watch for July, the price of 1kg of tomatoes dropped by 26.43% from N2,302.26 in June 2024 to N1,693.83 in July.

However, tomatoes still experienced a significant 203.57% increase year-over-year, rising from N557.96 in July 2023 to N1,693.83 in July 2024.

Similarly, the average price of 1kg of yam tuber decreased by 10.82% from N2,021.55 in June 2024 to N1,802.84 in July.

Despite this monthly decline, yams saw a substantial 234.23% increase year-over-year, moving from N539.41 in July 2023 to N1,802.84 in July 2024.

In contrast, the prices of eggs, beans, and garri increased on both a month-over-month and year-over-year basis during the period under review.