Selected Food Price Watch for September 2024 shows that the average price of 1kg beans brown (sold loose) stood at N2,738.59. This indicates a rise of 281.97% in price on a year-on-year basis from N716.97 recorded in September 2023 and a 6.37% rise in price on a month-on-month basis from N2,574.63 in August 2024. Agric eggs medium size (12 piece) experienced significant price increases year on year by N137.43% from N1,047.47 in September of last year (2023) to N2,487.04 in September 2024. On a month-on-month basis, the average price of this item rose by 8.64% from N 2,289.19 in August 2024. There was also a notable price increase of bread(sliced) by 115.74% on a year-on-year basis from N708.36 in September 2023 to N1,528.19 in September 2024.

On a month-on-month basis, it increased by 4.68% from N 1,459.85 in August 2024. Furthermore, the average price of 1kg Local rice sold loose went up by 152.92% on a year-on-year basis from N757.06 in September 2023 to N1,914.77 in September 2024, while there was an increase of 4.57% on a month-on-month basis. Also, the average price of 1kg of beef boneless increased by 99.99% on a year-on-year basis from N2,816.91 in September 2023 to N5,633.60 in September 2024. On a month-on-month basis, it increased by 1.44% from N5,553.80 in August 2024.

Data source: National Bureau of Statistics

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