Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (August 2023)

Executive Summary Selected Food Price Watch for August 2023 shows that the average price of 1kg of Beef boneless stood at N2,799.51. This indicates 30.75% rise in price on a year-on-year basis from N2,141.18 recorded in August 2022 and 1.50% rise in price on a month-on-month basis from N2,758.13 in July 2023. The average price of 1kg of Rice local sold loose increased by 62.68% on a year-on-year basis from N454.10 in August 2022 to N738.74 in August 2023. On a month-on-month basis, the average price of this item increased by 13.04% from N653.49 in July 2023. The average price of 1kg of Beans b…