The National Bureau of Statistics (NBS), in its latest selected Food Prices Watch report for November has disclosed that the prices of beef, rice, beans, onion, tomato, and other selected food items rose sharply in November.
The report released in Abuja on Friday, revealed that the average price of 1kg rice local sold loose stood at N867.18 indicating an increase of 73.16 percent in price on a year-on-year basis from N500.80 recorded in November 2022 and 5.83% rise in price on a month-on-month basis from N819.42 in October 2023.
Similarly, the average price of 1kg of Beef boneless increased by 29.61% on a year-on-year basis from N2,337.46 in November of last year (2022) to N3,029.50 in November 2023. On a month-on-month basis, the average price of this item increased by 2.76% from N2,948.03 in October 2023.
