Selected Food Price Watch for the month of June 2022 shows that the average price of 1kg of beans (white, black eye, sold loose) rose on a year-on-year basis by 24.17% from N431.79 in June 2021 to N536.17 in June 2022. Also, on a month-on-month basis, this increased by 2.19% from N524.70 in May 2022. The average price of 1kg Yam tuber increased on a year-on-year basis by 30.64% from N294.29 in June 2021 to N384.48 in June 2022. On a month-on-month basis, the average price of this item increased by 3.29% in June 2022. Similarly, the average price of 1kg beef (boneless) rose by 26.83% on a year-on-year basis from N1,639.96 in June 2021 to N2,079.93 in June 2022. In addition, the average price of Groundnut oil: 1 bottle, specify bottle stood at N1,062.90 in June 2022, showing an increase of 42.07% from N748.16 in June 2021. On a month-on-month basis, it rose by 2.12% from N1,040.88 in May 2022.

Data source: National Bureau of Statistics

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