Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (January 2023)

Executive Summary Selected Food Price Watch for January 2023 shows that the average price of 1kg Beef boneless stood at N2,418.91 in January 2023. This indicated that on a year-on-year basis, the price rose by 29.72% from the value recorded in January 2022 (N1,864.70), and 1.75% on a month-on-month basis from N2,377.29 in December 2022. The average price of 1kg Beans brown, sold loose increased on a year-on-year basis by 19.06% from N498.85 in January 2022 to N593.96 in January 2023. On a month-on-month basis, the average price of this item increased by 1.33% in January 2023. The average price…