Airfare Increases By 34.06% In One Year – NBS
From May, last year, airfare paid by air passengers for a single journey rose by 34.06 per cent from N55,906.86 to N74,948.78 in May 2023.
The National Bureau of Statistics (NBS) made this known yesterday in its “Transport Fare Watch May 2023.”
Also, the NBS, in its document entitled: “Selected Food Price Watch for May 2023” showed that food prices continued to rise in May, this year.
It said monthly, the fare soared by 0.002 per cent from N74,947.30 in April, this year.
NBS said: “On a year-on-year basis, this rose by 9.09 per cent from N3,668.64 in May 2022. In air travel, the average fare paid by air passengers for specified routes single journey increased by 0.002 per cent on a month-on-month basis from N74,947.30 in April 2023 to N74,948.78 in May 2023. On a year-on-year basis, the fare rose by 34.06per cent from N55,906.86 in May 2022.”
The report said the average fare paid on Okada transportation in May 2023 was N464.55, a 0.49 per cent increase from the rate recorded in April 2023 (N462.29).
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It added that on a yearly, the fare rose by 11.30 per cent when compared with the value in May 2022, which was N417.39.
The Bureau explained that Transport Fare Watch for May 2023 covers the following categories: bus journey within the city per drop constant route; bus journey intercity (state route) charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.
NBS also noted that the average fare paid by commuters for bus journeys within the city per drop increased by 0.23per cent in May 2023 when N649.59 was recorded relative to N648.12 in April 2023.
NBS said on a year-on-year basis, the average fare paid rose by 11.66% from N581.79 in May 2022. In another category, the average fare paid by commuters for bus journey intercity per drop in May 2023 was N4,002.16, indicating an increase of 0.19% on a month-on-month basis compared to the N3,994.51 recorded in April 2023.
The report added that the average fare paid for water transport (waterway passenger transportation) in May 2023 stood at N1,045.15, showing an increase of 1.39per cent from N1,030.83 in April 2023.
