Food prices rose to 26.76% in September — NBS
The National Bureau of Statistics has said the prices of food items such as beef, rice, beans, onion, yam and others increased in September.
It stated this in its Selected Food Prices Watch report for September 2023 released in Abuja on Monday.
The report said that the average price of 1kg of boneless beef increased by 28.08 percent from N2,199.37 recorded in September 2022 to N2,816.91 in September 2023.
“On a month-on-month basis, the price of 1kg of boneless beef increased by 0.62% in September, up from N2,799.51 recorded in August 2023,” the report said.
The average price of 1kg of local rice surged by 60.59% on a year-on-year basis, from N471.42 in September 2022 to N757.06 in September 2023, the report added.
“On a month-on-month basis, the price of 1kg of local rice increased by 2.48% from the N738.74 recorded in August 2023.”
The report highlighted that the average price of 1kg of brown beans rose by 28.76% on a year-on-year basis, from N556.81 in September 2022 to N716.97 in September 2023.
“On a month-on-month basis, the price increased by 3.47% from the N692.95 recorded in August 2023 to N716.97 in September 2023.”
For 1kg of onion bulb, the NBS noted a 29.81% increase on a year-on-year basis, from N397.18 in September 2022 to N515.59 in September 2023.
“On a month-on-month basis, the price increased by 0.45% from N513.29 recorded in August 2023.”
The report also revealed that the average price of 1kg of yam tuber rose by 45.11% on a year-on-year basis, from N409.23 in September 2022 to N593.83 in September 2023.
“On a month-on-month basis, 1kg of yam tuber increased by 3.03% from the recorded N576.39 in August 2023.”
When analyzing prices by state, the report found that Anambra had the highest average price for 1kg of boneless beef at N3,800.42, while Kogi had the lowest at N1,845.29.
For 1kg of local rice, Rivers recorded the highest average price at N931.82, while Benue had the lowest price at N539.35.
Imo had the highest average price for 1kg of brown beans at N1,090.23, while Kogi had the lowest price at N485.64.
The highest average price of 1kg of onion bulb was recorded in Abia at N862.35, while Nasarawa had the lowest price at N295.73.
For 1kg of yam tuber, Akwa Ibom recorded the highest average price at N1,088.57, while Plateau had the lowest price at N320.34
When analyzing prices by zone, the report revealed that the South-East had the highest average price of 1kg of boneless beef at N3,550.75, followed by the South-West at N2,875.47.
“The lowest price was recorded in the North-Central at N2.461.20.”
For 1kg of local rice, the South-East and South-South recorded the highest average prices at N901.26 and N824.55, respectively, while the North-Central had the lowest price at N621.93.
When considering the price of 1kg of brown beans, the South-East had the highest average price at N995.76, followed by the South-West at N771.37, while the North-Central had the lowest price at N587.99.