Selected Food Price Watch for July 2023 shows that the average price of 1kg of Beef boneless stood at N2,758.13 in July 2023. This indicates 30.17% rise in price on a year-on-year basis from N2,118.84 recorded in July 2022 and 3.96% rise in price on a month-on-month basis from N2,653.02 in June 2023. The average price of 1kg of Tomato increased by 24.88% on a year-on-year basis from N446.81 in July 2022 to N557.96 in July 2023.

On a month-on-month basis, the average price of this item increased by 1.95% from N547.28 in June 2023. The average price of 1kg of Beans brown (sold loose) rose by 19.73% on a year-on-year basis from N562.55 in July 2022 to N673.53 in July 2023. On a month-on-month basis, it increased by 3.44% from N651.12 in June 2023.

Similarly, the average price of 1kg of Onion bulb rose by 26.65% on a year-on-year basis from N396.96 in July 2022 to N502.73 in July 2023, while on a month-on-month basis, there was an increase of 2.38%. The average price of 1kg of Yam tuber rose by 38.40% on a year-on-year basis from N389.75 in July 2022 to N539.41 in July 2023.

On a month-on-month basis, it increased by 5.61% from N510.77 in June 2023. In addition, the average price of Vegetable oil (1 bottle, specify bottle) stood at N1,365.17 in July 2023, showing an increase of 31.07% from N1,041.58 in July 2022. On a month-on-month basis, it rose by 3.25% from N1,322.24 in June 2023. 

Data source: National Bureau of Statistics

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