Food prices continue to rise in November – NBS
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The National Bureau of Statistics said that prices of selected food items increased in November.
This is, according to the NBS Selected Food Prices Watch Report for November 2022, released in Abuja on Monday.
The report said that the average price of 1kg bonelessbeef 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.”
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.
“On a month-on-month basis, the average price of this item increased by 2.73 per cent from N487.47 recorded in October 2022. ”
The report said the average price of 1kg of tomato on a year-on-year basis rose by 30.18 per cent from N350.15 in November 2021 to N455.13 in November 2022.
Also, on a month-on-month basis, 1 kg of tomato increased by 0.15 per cent from N454.46 recorded in October 2022.”
Also, the report showed that the average price of 1kg brown beans (sold loose) rose by 18.03 per cent on a year-on-year basis from N490.19 recorded in November 2021 to N578.55 in November 2022.
“While on a month-on-month basis, the price rose by 2.45 per cent from N564.69 recorded in October 2022.”
The NBS said the average price of Palm oil (1 bottle) increased by 29.87 per cent from N775.11 in November 2021 to N1,006.64 in November 2022.
“On a month-on-month basis, the item grew by 3.91 per cent from the N968.76 recorded in October 2022.”
Also, it said the average price of Vegetable oil (1 bottle) stood at N1,142.99 in November 2022, showing an increase of 30.41 per cent from N876.47 in November 2021.
