Executive Summary
Selected Food Price Watch for September 2023 shows that the average price of 1kg of Beef boneless stood at N2,816.91. This indicates 28.08% rise in price on a year-on-year basis from N2,199.37 recorded in September 2022 and 0.62% rise in price on a month-on-month basis from N2,799.51 in August 2023. The average price of 1kg of Rice local sold loose increased by 60.59% on a year-on-year basis from N471.42 in September 2022 to N757.06 in September 2023.
On a month-on-month basis, the average price of this item increased by 2.48% from N738.74 in August 2023. The average price of 1kg of Beans brown (sold loose) rose by 28.76% on a year-on-year basis from N556.81 in September 2022 to N716.97 in September 2023. On a month-on-month basis, it increased by 3.47% from N692.95 in August 2023.
Data source: National Bureau of Statistics
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