Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (March 2023)

Executive Summary Selected Food Price Watch for March 2023 shows that the average price of 1kg of Beef (boneless) stood at N2,479.61 in March 2023. This indicates a rise in price by 25.05% on a year-on-year basis from the price recorded in March 2022 (N1,982.92) and a 1.38% rise in price on a month-on-month basis from N2,445.96 in February 2023. The average price of 1kg of Tomato increased by 13.81% on a year-on-year basis from N409.96 in March 2022 to N466.60 in March 2023. On a month-on-month basis, the average price of this item declined by 0.32% in March 2023. Also, the average price of 1k…