Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (December 2022)

Executive Summary Selected Food Price Watch for December 2022 shows that the average price of 1kg beef boneless stood at N2,377.29 in December 2022. This indicated that on a year-on-year basis, the price rose by 28.75% from the value recorded in December 2021 (N1,846.39), and 1.70% on a month-on-month basis from N2,337.46 in November 2022. The average price of 1kg rice (locally sold loose) increased on a year-on-year basis by 19.21% from N424.62 in December 2021 to N506.17 in December 2022. On a month-on-month basis, the average price of this item increased by 1.07% in December 2022. The avera…