The National Bureau of Statistics (NBS), said that prices of food items such as yam, beans and beef witnessed increases in March. This is contained in NBS Selected Food Prices Watch Report for March 2023 released in Abuja on Wednesday. The report said the average price of 1kg beef boneless on a year-on-year basis, increased by 25.05 per cent from N1, 982.92 in March 2022 to N2, 479.61 in March 2023. “On a month-on-month basis, 1kg beef boneless increased by 1.38 per cent from N2, 445.96 recorded in February 2023.” The report also said the average price of 1kg of tomato on a year-on-year basis, rose by 13.81 per cent from N409.96 in March 2022 to N466.60 in March 2023. “However, on a month-on-month basis, 1kg of tomato declined by 0.32 per cent from N468.09 recorded in February 2023. The report also showed that the average price of 1kg of brown beans (sold loose) increased by 13.13 per cent on a year-on-year basis, from N527.66 in March 2022 to N596.96 in March 2023. “On a month-on…
The National Bureau of Statistics , said that prices of food items such as yam, beans and beef witnessed increases in March.
The report also said the average price of 1kg of tomato on a year-on-year basis, rose by 13.81 per cent from N409.96 in March 2022 to N466.60 in March 2023. “While on a month-on-month basis, it dropped by 1.27 per cent from N450.07 recorded in February 2023.” In addition, the average price of one bottle of vegetable oil stood at N1, 220.62 in March 2023, showing an increase of 25.80 per cent from N970.29 recorded in March 2022.The report said at the state level, the highest average price of 1kg of beef was recorded in Anambra at N3,107.44, while the lowest was recorded in Kogi at N1,778.00.
It said Cross River state recorded the highest average price of 1kg of onion bulb at N981.86, while Taraba recorded the lowest at N205.50
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