In November, the National Bureau of Statistics released a report indicating a significant surge in the average prices of certain food items.
The average price of 1kg of brown beans increased by 6.18% from N790.01 in October 2023. On a year-on-year basis, this item rose by 44.99% from N578.55 in November 2022 to N838.85 in November 2023.
Similarly, the average price of 1kg of onion bulbs rose by 60.62% year-on-year, from N425.71 in November 2022 to N683.78 in November 2023.
The average price of 1kg of tomatoes also increased by 66.69% year-on-year and by 12.24% from N675.91 in October 2023 to N758.65 in November 2023.
The report highlighted that Lagos recorded the highest average price of rice in the month under review.
According to the Selected Food Prices Watch report for November released by the NBS in Abuja on Friday, the state profile analysis revealed that Lagos had the highest average price of 1kg of local rice at N1,122.42, while Kebbi had the lowest at N688.00.
In terms of 1kg of boneless beef, Anambra State recorded the highest average price at N3,850.47, while Yobe State had the lowest at N2,533.33. For 1kg of brown beans, Imo State recorded the highest price at N1,109.75, while Jigawa recorded the lowest at N575.00.
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Anambra State also had the highest average price of 1kg of onion bulbs sold loose at N872.23, with Gombe having the lowest at N506.41.
The highest average price of 1kg of tomatoes was recorded in Delta at N1,505.16, while Kano had the lowest average price at N396.04.
Further analysis by zone indicated that the average price of 1kg of local rice was highest in the South-West at N956.28, followed by the South-South at N932.47, and the lowest in the North-East at N776.12.
For 1kg of boneless beef, the South-East and South-West recorded the highest averages at N3,643.65 and N3,290.11, respectively, with the lowest in the North-East at N2,632.22.
The South-East had the highest average price of 1kg of brown beans (sold loose) at N1,034.08, followed by the South-West at N977.98, and the lowest in the North-West at N663.96.
The South-East and South-South recorded the highest average prices of 1kg onion bulbs at N817.11 and N775.34, respectively, with the lowest in the North-East at N529.95.
Finally, the South-South had the highest average price of 1kg of tomatoes at N1,307.66, followed by the South-West at N1,047.18, and the lowest in the North-West at N434.80.
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