The National Bureau of Statistics (NBS) has stated that prices of food items such as beef, tomatoes, beans, and yams witnessed increases in July.
It made the announcement in its Selected Food Prices Watch Report for July 2023, which was released in Abuja on Friday.
According to the research, the average price of one kilogramme of boneless beef jumped by 30.17 percent from N2,118.84 in July 2022 to N2,758.13 in July 2023.
“On a month-on-month basis, 1kg of boneless beef increased by 3.96 percent in July from the N2,653.02 recorded in June 2023.”
According to the report, the average price of a kilogramme of tomato increased by 24.88 percent year on year, from N446.81 in July 2022 to N557.96 in July 2023.
“On a month-on-month basis, 1kg of tomato increased by 1.95 percent in July from the N547.28 recorded in June 2023.”
In the same vein, the report stated that the average price of foodstuffs such as 1kg of brown beans (sold loose) increased by 19.73 percent on a year-on-year basis from N562.55 in July 2022 to N673.53 in July 2023.
“On a month-on-month basis, the price increased by 3.44 percent from the N651.12 recorded in June 2023.”
According to the NBS, the average price of 1kg of onion bulb increased by 26.65% year on year, from N396.96 in July 2022 to N502.73 in July 2023.
“On a month-on-month basis, the price increased by 2.38 percent in July from the N491.04 recorded in June 2023,” the NBS added.
The report stated that the average price of 1 kg of yam tuber increased by 38.40 percent on a year-on-year basis from N389.75 in July 2022 to N539.41 in July 2023.
“On a month-on-month basis, 1 kg of yam tuber increased by 5.61 percent from the N510.77 recorded in June 2023.”
According to the report, the average price of 1 litre of palm oil grew by 35.70% year on year, from N890.67 in July 2022 to N1208.62 in July 2023.
“On a month-on-month basis, it increased by 2.93 percent in July from the N1174.20 recorded in June 2023.”
On state profile analysis, the report stated that the highest average price of 1kg of boneless beef was recorded in Anambra at N3,500.84, while the lowest was recorded in Kogi State at N1,812.44.
Furthermore, it showed that Akwa Ibom recorded the highest price of 1kg of tomato at N1,001.73, while the lowest price was recorded in Kogi at N220.00.
The report further showed that Ebonyi recorded the highest price of food items such as 1kg of brown beans (sold loose) at N1,022.45, while the lowest price was recorded in Katsina at N474.99.
The bureau also said the highest average price of 1kg of onion bulb was recorded in Abia at N819.00, while the lowest price was recorded in Kano at N297.41.
Also, the highest average price of 1kg of yam tuber was recorded in Akwa Ibom at N999.61, while the lowest was recorded in Adamawa at N281.33.
According to the report, Ogun State recorded the highest average price of 1 litre of palm oil at N1,480, while Kogi recorded the lowest price at N890.22.
Zonal analysis showed that the average price of 1kg of boneless beef was highest in the South-East at N3,390.38, followed by the South-South at N2,805.91, while the lowest price was recorded in the North-East at N2,418.44.
The South-South and South-East regions recorded the highest average price of 1kg of tomato at N917.63 and N735.96, respectively, while the North-East recorded the lowest price at N353.37.
The report further showed that the South-East recorded the highest average price of 1kg of brown beans (sold loose) at N921.54, followed by the South-West at N731.48.
“North-Central recorded the lowest price at N550.10,” the NBS stated.
