Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (May 2024)

Executive Summary Selected Food Price Watch for May 2024 shows that the average price of 1kg Rice local sold loose stood at N1,608.89. This indicates a rise of 189.79% in price on a year-on-year basis from N555.18 recorded in May 2023 and a 14.98% rise in price on a month-on-month basis from N1,399.34 in April 2024. The average price of 1kg of beans brown (sold loose) increased by 219.05% on a year-on-year basis from N 629.75 in May of last year (2023) to N 2,009.23 in May 2024. On a month-on-month ba sis, the average price of this item increased by 44.77% from N 1,387.90 in April 2024. The av…