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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