The National Bureau of Statistics (NBS) says prices of beef, rice, beans, onions, tomatoes, and other food items increased in November.

 

The average price of 1kg of boneless beef increased by 29.61 per cent from N2,337.46 recorded in November 2022 to N3,029.50 in November 2023.

 

According to the report, on a month-on-month basis, price of 1kg boneless beef increased by 2.76 per cent in November from the N2,948.03 recorded in October.

 

It added that the average price of 1kg of local rice increased by 73.16 per cent on a year-on-year basis, from N500.80 recorded in November 2022 to N867.18 in November 2023.

 

On a month-on-month basis, price of 1kg of local rice increased by 5.83 per cent from the N819.42 recorded in October 2023 to N867.18 recorded in November 2023.

 

The NBS added that average price of 1kg of brown beans increased by 44.99 per cent on a year-on-year basis, from N578.55 in November 2022 to N838.85 in November 2023.

 

The Southwest and South-South recorded the highest average price of 1kg of local rice at N956.28 and N932.47, respectively, while the lowest price was in the Northeast at N776.12.

 

The report stated that the Southeast recorded the highest average price of 1kg of brown beans at N1,034.08, followed by the Southwest at N977.98, while the North-West recorded the lowest price at N663.96.

 

It added that the Southeast and South-South recorded the highest average price of 1kg of onion bulb at N817.11 and N775.34, respectively, while the lowest was recorded in the Northeast at N529.95.

 

The NBS stated also that the South-South recorded the highest average price of 1kg of tomato at N1,307.66, followed by the Southwest at N1,047.18.

 

December 29, 2023

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