Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (February 2024)

Executive Summary Selected Food Price Watch for February 2024 shows that the average price of 1kg Rice local sold loose stood at N1,222.97. This indicates a rise of 134.81% in price on a year-on-year basis from N520.84 recorded in February 2023 and a 19.69% rise in price on a month-on-month basis from N1,021.79 in January 2024. The average price of 1kg of Beef boneless increased by 49.41% on a year-on-year basis from N2,445.96 in February of last year (2023) to N3,654.56 in February 2024. On a month-on-month basis, the average price of this item increased by 10.22% from N3,315.78 in January 20…