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November 5, 2024
The average price of 1kg beans brown (sold loose) stood at N2,738.59 as at September 2024, according to a report by the National Bureau of Statistics in its latest report.
The selected food prices report released on Tuesday indicates a rise of 281.97% in price on a year-on-year basis from N716.97 recorded in September 2023 and a 6.37% rise in price on a month-on-month basis from N2,574.63 in August 2024.
Agric eggs medium size (12 pieces) experienced significant price increase year on year by N137.43% from N1,047.47 in September of last year (2023) to N2,487.04 in September 2024.
On a month-on-month basis, the average price of this item rose by 8.64% from N 2,289.19 in August 2024.
There was also a notable price increase of bread(sliced) by 115.74% on a year-on-year basis from N708.⁵36 in September 2023 to N1,528.19 in September 2024.
On a month-on-month basis, it increased by 4.68% from N 1,459.85 in August 2024.
Furthermore, the average price of 1kg Local rice sold loose went up by 152.92% on a year-on-year basis from N757.06 in September 2023 to N1,914.77 in September 2024, while there was an increase of 4.57% on a month-on-month basis.
Also, the average price of 1kg of beef boneless increased by 99.99% on a year-on-year basis from N2,816.91 in September 2023 to N5,633.60 in September 2024.
On a month-on-month basis, it increased by 1.44% from N5,553.80 in August 2024.
