Staple foods, others maintain rise in prices – NBS
National Bureau of Statistics (NBS) has disclosed that the average price of staple foods and groceries recorded a year-on-year increase, according to data obtained from its October 2023 report.
The NBS’s Selected Food Price Watch for October 2023 published, Monday, further showed that the price of 1kg of tomato rose by 48.73 per cent on a year-on-year basis from N454.46 in October 2022 to N675.91 in October 2023.
According to the NBS, on a month-on-month basis, this represents an increase by 19.48 per cent from N565.69 in September 2023.
Similarly, the average price of 1kg Rice local sold loose rose by 68.10 per cent on a year-on-year basis from N487.47 in October 2022 to N819.42 in October 2023, the report showed.
Meanwhile, on a month-on-month basis, there was an increase of 8.24 per cent.
The average price of 1kg of Beans brown (sold loose) rose by 39.90 per cent on a year-on-year basis from N564.69 in October 2022 to N790.01 in October 2023.
“On a month-on-month basis, it increased by 10.19% from N716.97 in September 2023,” the report indicated.
Similarly, the average price of 1kg beef boneless stood at N2,948.03 in October 2023.
“This indicated that on a year-on-year basis, the price rose by 30.08% from the value recorded in October 2022 (N 2,266.24), and 4.65 per cent on a month-on-month basis from N2,816.91 in September 2023.”
