The National Bureau of Statistics (NBS) says prices of beef, tomatoes, beans, garri, yam and other food items increased in August.
It made the declaration in its Selected Food Prices Watch report for August 2023 issued in Abuja.
The report stated that while the average price of 1kg of boneless beef was N2,141.18 in August 2022, it increased by 30.75 per cent to N2,799.51 in August 2023.
“On a month-on-month basis, 1kg of boneless beef increased by 1.50 per cent in August from the N2,758.13 recorded in July 2023,’’ the report stated.
It added that the average price of 1kg of local rice increased by 62.68 per cent on a year-on-year basis, from N454.10 in August 2022 to N738.74 in August 2023.
On a month-on-month basis, 1kg of local rice increased by 13.04 per cent from the N653.49 recorded in July 2023.
It stated that the average price of 1kg of brown beans increased by 27 per cent on a year-on-year basis from N545.61 in August 2022 to N692.95 in August 2023.
“On a month-on-month basis, the price increased by 3.88 per cent from the N673.53 recorded in July 2023 to N692.95 in August,’’ it added.
The NBS reported that the average price of 1kg of onion bulb rose by 30.54 per cent on a year-on-year basis from N393.22 in August 2022 to N513.29 in August 2023.
“On a month-on-month basis, the price increased by 2.10 per cent from the N502.73 recorded in July to N513.29 in August 2023,’’ it stated.
The report added that the average price of 1kg of yam tuber increased by 42.80 per cent on a year-on-year basis from N403.65 in August 2022 to N576.39 in August 2023.
On a month-on-month basis, 1kg of yam tuber increased by 6.86 per cent from N539.41 recorded in July to N576.39 recorded in August 2023.
It stated that the average price of 1 litre of palm oil increased by 38.13 per cent on a year-on-year-basis, from N896.63 in August 2022 to N1,238.56 in August 2023.
On a month-on-month basis, it rose by 2.48 per cent from the N1,208.62 recorded in July to N1,238.56 recorded in August 2023.
NAN
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