Selected Food Prices Watch (July 2022)

Executive Summary

The average price of 1kg of beans (white, black eye, sold loose) in July 2022 was N547.38, an increase of 23.22% from N444.21 in July 2021. On a month-on-month basis, this increased by 2.09% from N536.17 in June 2022. The average price of 1kg of Tomato in July 2022 was N446.81, an increase of 7.71% from N414.83 in July 2021. On a month-on-month basis, the average price of this item increased by 1.94% from N438.33 in June 2022. Similarly, the average price of 1kg beef (boneless) in July 2022 was N2,118.84, an increase of 27.58% from N1,660.76 recorded in July 2021. This price rose by 1.87% on a month-on-month basis. In addition, the average price of Groundnut oil: 1 bottle, specify bottle stood at N1,078.17 in July 2022, showing an increase of 40.24% from N768.81 in July 2021. On a month-on-month basis, it rose by 1.44% from N1,062.90 in June 2022.

Data source: National Bureau of Statistics

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