Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (January 2024)

Executive Summary Selected Food Price Watch for January 2024 shows that the average price of 1kg Rice local sold loose stood at N1,021.79. This indicates a rise of 98.47% in price on a year-on-year basis from N514.83 recorded in January 2023 and 11.31% rise in price on a month-on-month basis from N917.93 in December 2023. The average price of 1kg of Beef boneless increased by 37.08% on a year-on-year basis from N2,418.91 in January of last year (2023) to N3,315.78 in January 2024. On a month-on-month basis, the average price of this item increased by 5.37% from N3,146.94 in December 2023. The …