Selected Food Price Watch for December 2022 shows that the average price of 1kg beef boneless stood at N2,377.29 in December 2022. This indicated that on a year-on-year basis, the price rose by 28.75% from the value recorded in December 2021 (N1,846.39), and 1.70% on a month-on-month basis from N2,337.46 in November 2022. The average price of 1kg rice (locally sold loose) increased on a year-on-year basis by 19.21% from N424.62 in December 2021 to N506.17 in December 2022. On a month-on-month basis, the average price of this item increased by 1.07% in December 2022.
The average price of 1kg of Tomato on a year-on-year basis rose by 28.40% from N357.03 in December 2021 to N458.42 in December 2022. Also, on a month-on-month basis, it increases to 0.72% from N455.13 in November 2022. Similarly, the average price of 1kg of onion bulb rose by 25.64% on a year-on-year basis from N346.96 in December 2021 to N435.93 in December 2022. While on a month-on-month basis, the price rose by 2.40%. In addition, the average price of Palm oil: (1 bottle, specify bottle) increased by 28.73% from N795.57 in December 2021 to N1,024.13 in December 2022. It also grew by 1.74% on a month-on-month basis. In the same vein, the average price of Vegetable oil (1 bottle, specify bottle) stood at N1,161.76 in December 2022, showing an increase of 29.60% from N896.39 in December 2021.
On a month-on-month basis, it rose by 1.64% from N1,142.99 in November 2022. At the state level, the highest average price of rice (locally sold loose) was recorded in Rivers with N655.92, while the lowest was recorded in Jigawa with N386.01. Cross-rivers recorded the highest average price of 1kg onion bulb with N1,013.96, while the lowest was reported in Kogi with N198.12. In addition, Imo recorded the highest price of Vegetable oil (1 bottle, specify bottle) at N1,597.22, while Benue recorded the lowest at N702.78.
Data source: National Bureau of Statistics