Federal finance and statistics / National Bureau of Statistics

Selected Food Prices Watch (February 2022)

Executive Summary Selected Food Price Watch for the month of February 2022 shows that the average price of 1kg of beans (white, black eye, sold loose) rose on year-on-year basis by 50.1 percent from N 331.48 in February 2021 to N 497.54 in February 2022. Similarly, there was an increase of 3.34percent month-on-month from N 481.47 in January 2022 to N 497.54 in February 2022. The average price of Bread Sliced 500g, also, increased year-on-year by 34.11 percent from N 326.61 in February 2021 to N438.03 in February 2022. On month-on-month, the average price of this item increased by 4.63 percent …