The National Bureau of Statistics (NBS), claimed that prices of food such as yam, rice and meat showed hikes in February.
This is mentioned in NBS Selected Food Prices Watch Report for February 2023 issued in Abuja on Friday.
The research stated the average price of 1kg beef boneless on a year-on-year basis, climbed by 27.43 per cent from N1,922.2 in February 2022 to N2,445.96 in February 2023.
“On a month-on-month basis, 1kg beef boneless increased by 1.12 per cent from N2,418.91 recorded in January 2023.”
The research indicated that the average price of 1kg rice (local, sold loose) grew on a year-on-year basis by 19.30 per cent from N436.58 in February 2022 to N520.84 in February 2023.
“On a month-on-month basis, the average price of this item increased by 1.17 per cent from N514.83 in January 2023.’’
The study further stated the average price of 1kg of tomato on a year-on-year basis, climbed by 19.08 per cent from N393.08 in February 2022 to N468.09 in February 2023.
“Also, on a month-on-month basis, 1kg of tomato increased by 0.22 per cent in February 2023.’’
The NBS also said the average price of one bottle of vegetable oil remained at N1,196.68 in February 2023, representing an increase of 25.91 per cent from N950.46 recorded in February 2022.
“On a month-on-month basis, it rose by 1.10 per cent from N1,183.67 recorded in January 2023.’’
The research stated the average price of 1kg yam tuber climbed by 28.45 per cent on a year-on-year basis from N339.76 in February 2022 to N436.41 in February 2023.
“On a month-on-month basis, 1kg tuber of yam increased by 1.17 per cent from N431.36 in January 2023.’’
Similarly, it said the average price of 1kg of onion bulb climbed by 18.99 per cent on a year-on-year basis from N378.26 in February 2022 to N450.07 in February 2023.
“While on a month-on-month basis, the cost rose by 2.41 per cent.’’
The research stated at the state level, the highest average cost of 1kg beef boneless was reported in Anambra at N3,103.26, while the lowest was recorded in Kogi at N1,770.00.
It said Cross River recorded the highest average cost of 1kg Onion bulb at N1,058.61, while the lowest was registered in Adamawa at N194.44.
The survey claimed Abia recorded the highest cost of Vegetable oil (1 bottle) at N1,615.24, while Benue recorded the lowest price at N710.00.
Analysis by zone indicated that the average cost of 1kg of Tomato was higher in the South-South and South-East at N812.55 and N649.03, respectively, while the lowest was reported in the North-East at N232.78.
It stated the South-South reported the highest average cost of 1kg Rice (local, sold loose) at N599.29, followed by the South-West with N599.12.
“The lowest cost was recorded in the North-West at N451.70.’’
