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Food Prices Rose In November, NBS Reveals

The National Bureau of Statistics (NBS), has said that prices of beef, rice, beans, onion, tomato, and other food items increased in November.

Average price of 1kg of boneless beef increased by 29.61 percent from N2,337.46 recorded in November 2022 to N3,029.50 in November 2023.

“On a month-on-month basis, price of 1kg boneless beef increased by 2.76 percent in November from the N2,948.03 recorded in October,” it stated in its Selected Food Prices Watch report for November released in Abuja on Friday.

It added that the average price of 1kg of local rice increased by 73.16 percent 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 percent from the N819.42 recorded in October 2023 to N867.18 recorded in November 2023.

Average price of 1kg of brown beans increased by 44.99 percent on a year-on-year basis from N578.55 in November 2022 to N838.85 in November 2023, the NBS added.

On a month-on-month basis, the price increased by 6.18 percent from the N790.01 recorded in October 2023 to N838.85 in November 2023.

The report also stated that the average price of 1kg of onion bulb rose by 60.62 percent on a year-on-year basis from N425.71 in November 2022 to N683.78 in November 2023.

On a month-on-month basis, the price increased by 15.35 percent from N592.80 recorded in October 2023 to N683.78 recorded in November 2023.

Average price of 1kg of tomato increased by 66.69 per cent on a year-on-year basis from N455.13 in November 2022 to N758.65 in November 2023, it stated.

On a month-on-month basis, 1kg of tomato increased by 12.24 percent from the N675.91 recorded in October to N758.65 in November 2023.

On state profile analysis, the report showed that the highest average price of 1kg of boneless beef was recorded in Anambra at N3,850.47, while the lowest price was recorded in Yobe at N2,533.33.

The NBS stated that Lagos recorded the highest average price of 1kg of local rice at N1,122.42, while the lowest was recorded in Kebbi at N688.00.

It added that the highest average price of 1kg of brown beans was recorded in Imo at N1,109.75 while the lowest price was recorded in Jigawa at N575.

Average price of 1kg of onion bulb was recorded in Anambra at N872.23, while the lowest was recorded in Gombe at N506.41.

The report indicated that Delta recorded the highest average price of 1kg of tomato at N1,505.16, while Kano recorded the lowest price at N396.04.

Analysis by zone showed that the average price of 1kg of boneless beef was highest in the South-East at N3,643.65, followed by the South-West at N3,290.11.

The lowest price was recorded in the North-East at N2,632.22.

The South-West 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 North-East at N776.12.

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

It added that the South-East 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 North-East 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 South-West at N1,047.18.

“The North-West recorded the lowest price of 1kg of tomato at N434.80,” the NBS stated.

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