Prices of some food items in Nigeria continued to increase as the year rolls to an end, says the National Bureau of Statistics (NBS) in its Selected Food Prices Watch Report for November 2022, released in Abuja on Monday.
The report said that the average price of 1kg boneless beef on a year-on-year basis, increased by 29.00 per cent 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 per cent from N2,266.24 recorded in October 2022″, the report stated.
It showed that the average price of 1kg rice (local) increased on a year-on-year basis by 18.95 per cent from N421.02 in November 2021 to N500.80 in November 2022.
Selected Food Price Watch for November 2022 shows that the average price of 1kg beef boneless stood at N2,337.46 in November 2022.
This indicated that on a year-on-year basis, the price rose by 29.00% from the value recorded in November 2021 (N1,812.03), and 3.14% on a month-on-month basis from N2,266.24 in October 2022.
The average price of 1kg of local rice increased on a year-on-year basis by 18.95% 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% in November 2022.
The average price of 1kg of tomato on a year-on-year basis rose by 30.18% from N350.15 in November 2021 to N455.13 in November 2022.
Also, on a month-on-month basis, it increases to 0.15% from N454.46 in October 2022.
Similarly, the average price of 1kg bean brown rose by 18.03% on a year-on-year basis from N490.19 in November 2021 to N578.55 in November 2022. While on a month-on-month basis, the price rose by 2.45%.
In addition, the average price of Palm oil: (1 bottle) increased by 29.87% from N775.11 in November 2021 to N1,006.64 in November 2022.
It also grew by 3.91% on a month-on-month basis. In the same vein, the average price of Vegetable oil (1 bottle) stood at N1,142.99 in November 2022, showing an increase of 30.41% from N876.47 in November 2021. On a month-on-month basis, it rose by 3.34% from N1,106.08 in October 2022.
At the state level, the highest average price of rice (locally sold loose) was recorded in Rivers with N632.05, while the lowest was recorded in Jigawa with N378.81. Ebonyi recorded the highest average price of beans (brown) with N868.33, while the lowest was reported in Kebbi with N365.71.
Similarly, Ekiti recorded the highest price of Vegetable oil (1 bottle) at N1,584.31, while Kwara recorded the lowest at N693.08.
3 replies on “Food prices continue to rise in Nov – NBS”
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