Food prices rose in July 2022 – NBS

The National Bureau of Statistics NBS, on Monday, says the price of selected food items increased rapidly in July 2022.

“The NBS stated that the average price of 1kg of white beans rose by 23.22 per cent from N444.21 in July 2021 to N547.38 in July 2022

“On a month-on-month basis, the price increased by 2.09 per cent from N536.17 in June 2022 to N547.38 in July 2022

“The average price of 1kg of tomatoes increased on a year-on-year basis by 7.71 per cent from N414.83 in July 2021 to N446.81 in July 2022.

“Average price of 1kg beef (boneless) in July 2022 was N2,118.84, an increase of 27.58 per cent from the N1,660.76 recorded in July 2021.

“The NBS also stated that average price of a bottle of groundnut oil stood at N1,078.17 in July 2022, showing an increase of 40.24 per cent from N768.81 in July 2021.

“The average price of 1kg of local rice increased on a year-on-year basis by 13.55 per cent from N411.97 in July 2021 to N467.80 in July 2022.

“The average price of one bottle of palm oil stood at N890.67 in July 2022, showing an increase of 40.19 per cent from the N635.31 recorded in July 2021.

State-by-State analysis showed that Ebonyi recorded the highest average price of 1kg of white beans in July 2022 at N900.51, while the lowest price was recorded in Borno at N317.73.

“The report stated that the highest average price of 1kg of tomato was recorded in Edo at N799.16, while the lowest was recorded in Taraba at N159.14.

“Similarly, Rivers recorded the highest price of 1kg of local rice at N619.62, while the lowest was recorded in Jigawa at N363.34.

“Analyses by zones showed that the South-East recorded the highest average price of brown beans at N853.19 per kilogramme, followed by the South-West at N598.00, while the North-East recorded the least at N379.03.

“The South-East recorded the highest average price of tomato at N678.80, per kilogramme, followed by the North-West at N656.93, while the lowest was recorded in the North-East at N194.72.

“The NBS also stated that the average price of 1kg of local rice in the North-East was N796.03, representing the highest recorded in July 2022, followed by the South-West at N519.64,” (NAN).

 

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

Popular Related

NBS reveals, Public debt stock rises to N97.34tr in Q4 2023

Nigeria’s public debt stock rose from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars)...

Lagos receives Badagry master plan report

The final draft report of the Badagry Master Plan from Messrs. Vista Plan Consulting which would last from 2022 to 2042, has been received...

Eko DisCo removes MD/CEO over NERC order

Dr. Tinuade Sanda, the Managing Director/CEO, has been dethroned by the Board of Eko Electricity Distribution Company (EKEDC) in compliance with the directive of...

LASG says 80% of Lekki buildings have no approval

Following the approval rate of property in Lagos state, Dr Oluyinka Olumide, the Lagos State Commissioner for Physical Planning and Urban Development, stressed that...

MIDOil to build 100,000bpd modular refinery in Lagos

Blueprints for the construction of a 100,000bareels per day modular refinery at Sekungba/Ejinrin, Ikosi/Ejinrin LCDA of Lagos state, as disclosed by Mid-oil Refining and...

Meter premium customers in 60 days, FCCPC tells Discos

The Nigerian Electricity Regulatory Commission has been mandated by the Federal Competition and Consumer Protection Commission to ensure that all unmetred Band A customers...

UBA recognized as the best bank in West Africa

United Bank for Africa (UBA) Plc has been named the Best Regional Bank – West Africa at the African Banker Awards 2024. The annual African...

Nigerian ports to begin full automation, cargo tracking soon 

Adegboyega Oyetola, the Minister of Marine and Blue Economy, has revealed that Nigerian Ports Authority will soon begin the implementation of full automation and...

Nigerian Exchange leads in Africa with 33.70% gain

The Nigerian Exchange has climbed to the top as number one exchange in Africa in the first two months of 2024, investors now enjoy...

Implement policies to tackle inflation, stakeholders tell FG 

Following the economical crisis, the stakeholders has urged the Federal Government to implement policies that will tame the accelerating inflation in the country. From the...