NBS: Food prices skyrocketed in November
The average price of some food items soared in November according to the report on Friday released by the National Bureau of Statistics.
The report indicated that the average price of 1kg of Beans brown increased by 6.18% from N790.01 in October 2023. On a year-on-year basis, the item rose by 44.99% from N578.55 in November 2022 to N838.85 in November 2023
Also, while the average price of 1kg onion bulb rose by 60.62% on a year-on-year basis from N425.71 in November 2022 to N683.78 in November 2023, the average price of 1kg of tomato rose by 66.69% on a year-on-year basis and by 12.24% from N675.91 in October 2023 to N758.65 in November 2023.
The report further noted Lagos recorded that the highest average price of rice in the month under review.
“The state profile analysis in November 2023 reveals that the highest average price of 1kg of local rice sold was recorded in Lagos state with N1,122.42 while the lowest was recorded in Kebbi state with N688.00,” NBS stated in its Selected Food Prices Watch report for November released in Abuja on Friday.
Meanwhile, the highest average price of 1kg of Beef boneless, was recorded in Anambra State with N3,850.47, while the lowest was recorded in Yobe State with N2,533.33.
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In terms of the average price of 1kg of Beans brown, Imo state recorded the highest price at N 1,109.75, while Jigawa recorded the lowest price at N 575.00.
Anambra State recorded the highest average price of 1kg Onion bulb sold loose with N 872.23, while the lowest was reported in Gombe with N 506.41.
The highest average price of 1kg of Tomato was recorded in Delta with N 1,505.16, while the lowest average price was recorded in Kano with N396.04.
Also, analysis by zone showed that the average price of 1kg local Rice was highest in the South-West with N956.28, followed by the South-South with N932.47, while the North-East recorded the lowest average price at N776.12.
The average price of 1kg of Beef boneless was highest in the South-East and South-West with N3,643.65 and N3,290.11, respectively, while the lowest was recorded in the North-East with N2,632.22.
The South-East recorded the highest average price of 1kg of Beans brown (sold loose) with N1,034.08, followed by the South-West with N977.98, while the lowest was recorded in the North-West with N663.96.
The South-East and South-South recorded the highest average price of 1kg onion bulb with N817.11 and N775.34, respectively, while the lowest was recorded in the North-East with N529.95.
Meanwhile, the South-South had the highest average price of 1kg of Tomato with N1,307.66, followed by the South-West with N1,047.18, while the lowest was recorded in the North-West with N434.80.
