PRICES OF FOOD CONTINUES TO ESCALATE- NBS
The National Bureau of Statistics (NBS) said prices of some food items rose in September.
This is according to the NBS Selective Food Price Monitoring Report for September 2022 published in Abuja on Friday.
The report states that the average price of 1 kg of tomatoes annually increased by 30.06% from N342.25 recorded in September 2021 to N445.12 in September 2022.
month-on-month, 1 kg of tomatoes increased to N445.12 in September 2022 from N430.93 recorded in August 2022, showing an increase of 3.29%.
The report shows that the average price of 1 kg of rice (domestic, bulk sales) increased by 14.98% year-on-year, from N410.01 recorded in September 2021 to 471.42 N in September 2022.
On a month-on-month basis, the average price of this item increased by 3.82% in September 2022. »
The average price for 1 kg of beans (brown, bulk sale) increased 13.14% y/y from 492.13 Naira recorded in September 2021 to 556.81 Naira in September 2022.
Furthermore, the report shows that the average price of palm oil (1 bottle) increased by 30.70% from N709.50 in September 2021 to N927.34 in September 2022.
“It also increased by 3, 42% from last month.
The report said the average price of vegetable oil (1 bottle) was at 1,075.89 N in September 2022, an increase of 32.35% compared to the N812.94 recorded in September 2021.
“It has increased by 2.52% compared to the previous month compared to N1049.49 in August 2022.”
The report shows that at the state level, the average rice price is highest (domestic, selling at bulk) recorded in Rivers was N621.61, while the lowest price recorded in Jigawa was N371.
The report states that Ebonyi recorded the highest average price for beans (brown, sold in bulk) as N857.02, while the lowest reported price in Benue was N368.21.
He said Abia recorded the highest price of vegetable oil (1 bottle) at 1,464.44 N1 while Benue recorded the lowest price at N643.64.
He said that regional analysis showed that the average price of 1 kg of tomatoes was higher in the South-South and Southeast, N711.32 and N643.25, respectively, while the lowest prices were recorded in Northeast is N209.22.
The report indicates that the South-South recorded the highest average price of 1 kg of rice (on the spot, sold in bulk) in the North West at N417.00 to N397.04.