The highest average price of rice was recorded in Rivers at N655, while the lowest was recorded in Jigawa at N386.
on Friday said the prices of some food items in Nigeria increased in December.
Inflation indicators compare prices of goods and services in 12 months. A decline does not necessarily imply a reduction in prices; instead, it shows the rate of price increase had fallen compared to previous months.In its ‘Selected Food Price Watch’ data for December 2022, published on Friday, the bureau said the average price of 1kg beef boneless increased year-on-year by 28.75 per cent from the value recorded in December 2021 , and 1.70 per cent on a month-on-month basis from N2,337.
The average price of 1kg of Tomato on a year-on-year basis rose by 28.40 per cent from N357.03 in December 2021 to N458.42 in December 2022. Also, on a month-on-month basis, it increased to 0.72 per cent from N455.13 in November 2022. It added that the average price of Vegetable oil stood at N1,161.76 in December 2022, showing an increase of 29.60 per cent from N896.39 in December 2021.At the state level, the highest average price of rice was recorded in Rivers at N655.92, while the lowest was recorded in Jigawa at N386.01.
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