NBS reveals food prices rose to 26.76% in September

The National Bureau of Statistics (NBS) has said the prices of food items such as beef, rice, beans, onion, yam and others increased in September.

It stated this in its Selected Food Prices Watch report for September 2023 released in Abuja on Monday.

The report said that the average price of 1kg of boneless beef increased by 28.08 percent from N2,199.37 recorded in September 2022 to N2,816.91 in September 2023.

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“On a month-on-month basis, 1kg of boneless beef increased by 0.62 per cent in September from the N2,799.51 recorded in August 2023,’’ the report stated.

It said that the average price of 1kg of local rice increased by 60.59 per cent on a year-on-year basis, from N471.42 in September 2022 to N757.06 in September 2023.

“On a month-on-month basis, 1kg of local rice increased by 2.48 per cent from the N738.74 recorded in August 2023.’’

It said that the average price of 1kg of brown beans increased by 28.76 per cent on a year-on-year basis from N556.81 in September 2022 to N716.97 in September 2023.

“On a month-on-month basis, the price increased by 3.47 per cent from the N692.95 recorded in August 2023 to N716.97 in September 2023.’’

The NBS said the average price of 1kg of Onion bulb rose by 29.81 per cent on a year-on-year basis from N397.18 in September 2022 to N515.59 in September 2023.

“On a month-on-month basis, the price increased by 0.45per cent from N513.29 recorded in August 2023.’’