Price Of Beans Rose By 271.55% In August

The National Bureau of Statistics has reported a rise in the price of brown beans (sold loose) in August 2024.

According to the Selected Food Price Watch for August, the average price of 1kg of brown beans surged by 271.55 per cent on a year-on-year basis to N2,574.63, up from N692.95 in August 2023.

On a month-on-month basis, the price of brown beans also recorded a 5.31 per cent increase, rising from N2,444.81 in July 2024.

“Selected Food Price Watch for August 2024 shows that the average price of 1kg beans brown (sold loose) stood at N2,574.63