Food Prices Rise by 26.76% in September – Report

The National Bureau of Statistics says prices of beef, rice, beans, onion, yam and other food items increased in September.

It stated this in its selected food prices watch report for September 2023 released in Abuja on Monday.

The report said the average price of 1kg of boneless beef increased by 28.08 percent from N2,199.37 recorded in September 2022 to N2,816.91 in September 2023.

“On a month-on-month basis, 1kg of boneless beef increased by 0.62 percent in September from the N2,799.51 recorded in August 2023,’’ the report said.

It said that the average price of 1kg of local rice increased by 60.59 percent on a year-on-year basis, from N471.42 in September 2022 to N757.06 in September 2023.

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“On a month-on-month basis, 1kg of local rice increased by 2.48 percent from the N738.74 recorded in August 2023.’’

It said that the average price of 1kg of brown beans increased by 28.76 percent on a year-on-year basis from N556.81 in September 2022 to N716.97 in September 2023.

“On a month-on-month basis, the price increased by 3.47 percent from the N692.95 recorded in August 2023 to N716.97 in September 2023.’’

The NBS said the average price of 1kg of Onion bulb rose by 29.81 percent on a year-on-year basis from N397.18 in September 2022 to N515.59 in September 2023.

“On a month-on-month basis, the price increased by 0.45per cent from N513.29 recorded in August 2023.’’

It stated that the average price of 1kg of yam tuber increased by 45.11 percent on a year-on-year basis from N409.23 in September 2022 to N593.83 in September 2023.

“On a month-on-month basis, 1kg of yam tuber increased by 3.03 percent from the recorded N576.39 in August 2023,’’ it said.

On state profile analysis, the report showed that the highest average price of 1kg of boneless beef was recorded in Anambra at N3,800.42, while the lowest price was recorded in Kogi at N1,845.29.

It said that Rivers recorded the highest average price of 1kg of local rice at N931.82, while the lowest was recorded in Benue at N539.35.