Selected Food Prices Watch (April 2023)

Executive Summary

Selected Food Price Watch for April 2023 shows that the average price of 1kg of Beef boneless stood at N2,495.69 in April 2023. This indicates a 23.13% rise in price on a year-on-year basis, from N2,026.85 recorded in April 2022 and a 0.65% rise in price on a month-on-month basis from N2,479.61 in March 2023. The average price of 1kg of Tomato increased by 13.73% on a year-on-year basis from N426.54 in April 2022 to N485.10 in April 2023. On a month-on-month basis, the average price of this item increased by 3.97% in April 2023. The average price of 1kg of Beans brown (sold loose) rose by 16.03% on a year-on-year basis from N530.62 in April 2022 to N615.67 in April 2023. On a month-on-month basis, it increased by 3.13% from N596.96 in March 2023. 

Data source: National Bureau of Statistics

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