Selected Food Price Watch for November 2022 shows that the average price of 1kg beef boneless stood at N2,337.46 in November 2022. This indicated that on a year-on-year basis, the price rose by 29.00% from the value recorded in November 2021 (N1,812.03), and 3.14% on a month-on-month basis from N2,266.24 in October 2022. The average price of 1kg rice (locally sold loose) increased on a year-on-year basis by 18.95% 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% in November 2022.
The average price of 1kg of Tomato on a year-on-year basis rose by 30.18% from N350.15 in November 2021 to N455.13 in November 2022. Also, on a month-on-month basis, it increases to 0.15% from N454.46 in October 2022. Similarly, the average price of 1kg bean brown (sold lose) rose by 18.03% on a year-on-year basis from N490.19 in November 2021 to N578.55 in November 2022. While on a month-on-month basis, the price rose by 2.45%.
Data source: National Bureau of Statistics