25.2 C
New York
Thursday, June 20, 2024

More Hardship: Food Prices On Steady Increase, New NBS Report Reveals

Must read

The National Bureau of Statistics, NBS, said that prices of selected food items increased in November.

This is, according to the NBS Selected Food Prices Watch Report for November 2022, released in Abuja on Monday, December 26, 2022.

The report said that the average price of 1kg boneless beef on a year-on-year basis, increased by 29.00 percent from N1,812.03 recorded in November 2021 to N2,337.46 in November 2022.

“While on a month-on-month basis, 1kg boneless beef increased by 3.14 percent from N2,266.24 recorded in October 2022.”

It showed that the average price of 1kg rice (local) increased on a year-on-year basis by 18.95 percent from N421.02 in November 2021 to N500.80 in November 2022.

“On a month-on-month basis, the average price of this item increased by 2.73 percent from N487.47 recorded in October 2022. ”

The report said the average price of 1kg of tomato on a year-on-year basis rose by 30.18 percent from N350.15 in November 2021 to N455.13 in November 2022.

“Also, on a month-on-month basis, 1 kg of tomato increased by 0.15 percent from N454.46 recorded in October 2022.”

Also, the report showed that the average price of 1kg brown beans (sold loose) rose by 18.03 percent on a year-on-year basis from N490.19 recorded in November 2021 to N578.55 in November 2022.

“While on a month-on-month basis, the price rose by 2.45 percent from N564.69 recorded in October 2022.”

The NBS said the average price of Palm oil (1 bottle) increased by 29.87 percent from N775.11 in November 2021 to N1,006.64 in November 2022.

“On a month-on-month basis, the item grew by 3.91 percent from the N968.76 recorded in October 2022.”

Also, it said the average price of Vegetable oil (1 bottle) stood at N1,142.99 in November 2022, showing an increase of 30.41 percent from N876.47 in November 2021.

“On a month-on-month basis, it rose by 3.34 percent from N1,106.08 recorded in October 2022.”

The report said the average price of a yam tuber stood at N421.08 in November 2022, showing an increase of 29.25 percent from N325.78 in November 2021.

“On a month-on-month basis, 1 tuber of yam increased by 2.74 percent from N409.86 recorded in October 2022.”

The NBS said the average price of white garri (sold loose) stood at N325.82 in November 2022, showing an increase of 7.79 per cent from N302.28 in November 2021.

“On a month-on-month basis, the item increased by 2.49 percent from N317.90 recorded in October 2022.”

The report said at the state level, the highest average price of rice (local, sold loose) was recorded in Rivers at N632.05, while the lowest price was recorded in Jigawa at N378.81.

It said Ebonyi state recorded the highest average price of beans (brown, sold loose) at N868.33, while the lowest was recorded in Kebbi state at N365.71.

Also, the report said Ekiti recorded the highest price of Vegetable oil (1 bottle) at N1,584.31, while Kwara recorded the lowest price at N693.08.

It said analysis by zone showed that the average price of 1kg boneless beef was higher in the South-East and South-South at N2,851.51 and N2,570.87, respectively, while the lowest price of the item was recorded in the North-East at N1,971.83.”

The report said the South-South recorded the highest average price of 1kg rice (local, sold loose) at N555.80, followed by the South-West at N526.41, while the lowest price was recorded in the North-West at N457.16.

Also, it said the South-West recorded the highest average price of Palm oil (1 bottle) with N1,174.30, followed by the North-West at N1,129.63, while the North-East recorded the lowest price at N765.04.

More articles

- Advertisement -The Fast Track to Earning Income as a Publisher
- Advertisement -The Fast Track to Earning Income as a Publisher
- Advertisement -Top 20 Blogs Lifestyle

Latest article