Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (October 2022)

Executive Summary Selected Food Price Watch for October 2022 shows that the average price of 1kg onion bulb on a year-on-year basis, rose by 32.56% from the value recorded in October 2021 (N306.07) to N405.72 in October 2022. On a month-on-month basis, it increased to N405.72 in October 2022 from N397.18 in September 2022 indicating a 2.15% increase. The average price of 1kg rice (local sold loose) increased on a year-on-year basis by 17.45% from N415.03 in October 2021 to N487.47 in October 2022. On a month-on-month basis, the average price of this item increased by 3.40% in October 2022. The…