The price of Rice rose up sharply by 98.47 per cent in January 2024 and gradually getting beyond the reach of average Nigerians following the increase in its price to N1, 021.79 from N514. 83 that it was sold in January 2023.
A kilo of Rice, a popular staple food in Nigeria, with appeal to different age groups and social strata in the country, was sold for N818. 92 in December 2023, and 11.31 per cent difference from the January 2024 price.
For Garri, another popular food items among Nigeria, one kilogram of white Garri rose from N337. 52 in January 2023 to N600. 69 in January 2024, representing 77.97 per cent price increase in a year.
Garri, made from cassava and widely consumed across the social strata in Nigeria was sold N568. 72 in December 2023, a difference of N30. 97 from the January 2024 price.
This pricelist is contained in the Selected Food Price Watch for January 2024, the latest report of the National Bureau of Statistics (NBS) released Tuesday, showing that the average price food items.
The NBS report shows that the average price of 1kg of Beef boneless increased by 37.08 per cent on a year-on-year basis from N2,418.91 in January of last year (2023) to N3,315.78 in January 2024.
On a month-on-month basis, the average price of this item increased by 5.37 per cent from N3,146.94 in December 2023.
For Beans brown (sold loose), the average price of 1 kg rose by 64.42 per cent on a year-on-year basis from N593.96 in January 2023 to N976.58 in January 2024. On a month-on-month basis, it increased by 12.16 per cent from N870.67 in December 2023.
Similarly, the average price of a 1kg onion bulb rose by 97.38 per cent on a year-on-year basis from N446.44 in January 2023 to N881.20 in January 2024, while there was a decline of 9.33 per cent on a month-on-month basis. In addition, the average price of 1kg of Tomato rose by 80.98 per cent on a year-on-year basis from N467.04 in January 2023 to N845.26 in January 2024. On a month-on-month basis, it increased by 3.82 per cent from N814.16 in December 2023 to N845.26 in January 2024.
The state profile analysis in January 2024 reveals that the highest average price of 1kg of Rice locally sold loose was recorded in Abuja state at N1,350 while the lowest was recorded in Benue state at N800.64. The highest average price of 1kg of Beef boneless, was recorded in Abuja at N4,000, while the lowest was recorded in Gombe State at N2,639.
In terms of the average price of 1kg of Beans brown (sold loose), Akwa-Ibom state recorded the highest price at N 1,466.67, while Adamawa recorded the lowest price at N677.23. Rivers state recorded the highest average price of 1kg of Onion bulb at N 1,454.09, while the lowest was reported in Zamfara at N435.71. The highest average price of 1kg of Tomato was recorded in Delta at N1,474.79, while the lowest average price was recorded in Kano at N422.7.
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