Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (August 2022)

Executive Summary Selected Food Price Watch for the month of August 2022 shows that the average price of 1kg of beans (white, black eye, sold loose) rose on a year-on-year basis by 12.94% from N 457.98 in August 2021 to N517.23 in August 2022. Also, on a month-on-month basis, this decline to 5.51% from N547.38 in July 2022. The average price of Bread Sliced 500g increased on a year-on-year basis by 33.12% from N366.69 in August 2021 to N488.14 in August 2022. On a month-on-month basis, the average price of this item increased by 0.38% in August 2022. Similarly, the average price of 1kg beef (b…