Nigeria: Food prices maintain upward trend – NBS

Nigeria: Food prices maintain upward trend – NBS

THE WILL

Selected Food Price Watch for March 2023 shows that the average price of 1kg of Beef (boneless) stood at N2,479.61 in March 2023. This indicates a rise in price by 25.05% on a year-on-year basis from the price recorded in March 2022 (N1,982.92) and a 1.38% rise in price on a month-on-month basis from N2,445.96 in February 2023.

The average price of 1kg of Tomato increased by 13.81% on a year-on-year basis from N409.96 in March 2022 to N466.60 in March 2023. On a month-on-month basis, the average price of this item declined by 0.32% in March 2023.

Also, the average price of 1kg of Beans brown (sold loose) rose by 13.13% on a year-on-year basis from N527.66 in March 2022 to N596.96 in March 2023.

On a month-on -month basis, it increased by 0.47% from N594.15 in February 2023. Similarly, the average price of 1kg of Onion bulb rose by 17.37% on a year-on-year basis from N378.59 in March 2022 to N444.37 in March 2023.

On a month-on-month basis, it declined by 1.27% from its value in February 2023. The average price of 1kg of Yam tuber rose by 25.30% on a year-on-year basis from N353.56 in March 2022 to N443.02 in March 2023.

On a month-on -month basis, it increased by 1.51% from N436.41 in February 2023. In addition, the average price of Vegetable oil (1 bottle, specify bottle) stood at N1,220.62 in March 2023, showing an increase of 25.80% from N970.29 in March 2022.

On a month-on-month basis, this rose by 2.00% from N1,196.68 in February 2023. On state profile analysis, the highest average price of 1kg of Beef (boneless) in March 2023 was recorded in Anambra with N3,107.44, while the lowest was recorded in Kogi with N1,778.00…

More

Leave a Reply

Your email address will not be published. Required fields are marked *

Nigeria: Food prices maintain upward trend – NBS

 

Log In

Or with username:

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.