Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (December 2023)

Executive Summary Selected Food Price Watch for December 2023 shows that the average price of 1kg Rice local sold loose stood at N917.93. This indicates a rise of 81.35 percent in price on a year-on-year basis from N506.17 recorded in December 2022 and 5.85% rise in price on a month-on-month basis from N867.18 in November 2023. The average price of 1kg of Beef boneless increased by 32.38% on a year-on-year basis from N2,377.29 in December of last year (2022) to N3,146.94 in December 2023. On a month-on-month basis, the average price of this item increased by 3.88% from N3,029.50 in November 20…