Food Prices Spike in March 2026 – What You Need to Know
Consumers saw a rise in food prices, including eggs, beans, and local rice, according to a new report
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The useful update
- Consumers paid more for food items in March 2026, according to a report by the National Bureau of Statistics
- The average price of a crate of eggs stood at ₦6,127.62, a 20.12% decline from last year but a 2.00% increase from February
The stakes
- These price increases place a strain on household budgets and can affect overall consumer spending
- Understanding price trends helps consumers and businesses prepare for economic shifts
The next check
- The report is part of the Selected Food Price Watch series released by the National Bureau of Statistics
- Comparing month-on-month and year-on-year pricing gives a clearer picture of market trends
Where this came from
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Original report Consumers Pay More As Prices Of Eggs, Beans, Local Rice, Others Rise In March
Publisher: Channels TV (NG) · Published May 7, 9:05 am · channelstv.com
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The short version
Consumers paid more for food items in March 2026, as prices of eggs, beans, local rice, garri, and others rose, according to a report by the National Bureau of Statistics. The report, Selecte…
The National Bureau of Statistics disclosed this on Wednesday in its Selected Food Price Watch report for March 2026
The report, Selected Food Price Watch report for March 2026, was released on Wednesday
What happened
- Consumers paid more for food items in March 2026, according to a report by the National Bureau of Statistics
- The average price of a crate of eggs stood at ₦6,127.62, a 20.12% decline from last year but a 2.00% increase from February
- Brown beans (1kg) averaged ₦1,325.85, reflecting a 49.32% year-on-year decline but rose by 1.41% from February
Why this matters
- These price increases place a strain on household budgets and can affect overall consumer spending
- Understanding price trends helps consumers and businesses prepare for economic shifts
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Image from Channels Television via the original article.
Original articleConsumers Pay More As Prices Of Eggs, Beans, Local Rice, Others Rise In March
Image from Channels Television via the original article.
Original articleConsumers Pay More As Prices Of Eggs, Beans, Local Rice, Others Rise In March
Image from Channels Television via the original article.
Original articleConsumers Pay More As Prices Of Eggs, Beans, Local Rice, Others Rise In March
Image from Channels Television via the original article.