Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (March 2024)

Executive Summary Selected Food Price Watch for March 2024 shows that the average price of 1kg Rice local sold loose stood at N1,340.74. This indicates a rise of 152.93% in price on a year-on-year basis from N530.08 recorded in March 2023 and 9.63% rise in price on a month-on-month basis from N1,222.97 in February 2024. The average price of 1kg of Beef boneless increased by 73.78% on a year-on-year basis from N2,479.61 in March of last year (2023) to N4,309.16 in March 2024. On a month-on-month basis, the average price of this item increased by 17.91% from N3,654.56 in February 2024. The avera…