Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (March 2022)

Executive Summary Selected Food Price Watch for the month of March 2022 shows that the average price of 1kg of beans (white, black eye, sold loose) increased on year-on-year basis by 46.64 percent from N345.03 in March 2021 to N505.94 in March 2022. Also, on month-on-month basis, this increased by 1.69 percent from N497.54 in February 2022. The average price of Bread Sliced 500g increased on year-on-year basis by 34.98 percent from N331.76 in March 2021 to N447.80 in March 2022. On month-on-month basis, the average price of this item increased by 2.23 percent in March 2022. Similarly, the aver…