The Nationwide Bureau of Statistics (NBS), in its newest chosen Meals Costs Watch report for November has disclosed that the costs of beef, rice, beans, onion, tomato, and different chosen meals objects rose sharply in November.
The report launched in Abuja on Friday, revealed that the common worth of 1kg rice native offered unfastened stood at N867.18 indicating a rise of 73.16 p.c in worth on a year-on-year foundation from N500.80 recorded in November 2022 and 5.83% rise in worth on a month-on-month foundation from N819.42 in October 2023.
Equally, the common worth of 1kg of Beef boneless elevated by 29.61% on a year-on-year foundation from N2,337.46 in November of final yr (2022) to N3,029.50 in November 2023. On a month-on-month foundation, the common worth of this merchandise elevated by 2.76% from N2,948.03 in October 2023.
The report confirms complaints by many Nigerians in numerous components of the nation who’ve been lamenting the growing price of costs, particularly foodstuffs that has consequently made life tougher for a lot of households.
It confirmed that the common worth of 1kg of Beans brown (offered unfastened) rose by 44.99% on a year-on-year foundation from N578.55 in November 2022 to N838.85 in November 2023. On a month-on-month foundation, it elevated by 6.18% from N790.01 in October 2023.
In the identical vein, the common worth of 1kg onion bulb rose by 60.62% on a year-on-year foundation from N425.71 in November 2022 to N683.78 in November 2023, whereas there was a rise of 15.35% on a month-on-month foundation.
Common worth of 1kg of tomato elevated by 66.69 per cent on a year-on-year foundation from N455.13 in November 2022 to N758.65 in November 2023, it acknowledged.
On a month-on-month foundation, 1kg of tomato elevated by 12.24 per cent from the N675.91 recorded in October to N758.65 in November 2023.
On state profile evaluation, the report confirmed that the best common worth of 1kg of boneless beef was recorded in Anambra at N3,850.47, whereas the bottom worth was recorded in Yobe at N2,533.33.
The NBS acknowledged that Lagos recorded the best common worth of 1kg of native rice at N1,122.42, whereas the bottom was recorded in Kebbi at N688.00.
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It added that the best common worth of 1kg of brown beans was recorded in Imo at N1,109.75 whereas the bottom worth was recorded in Jigawa at N575.
Common worth of 1kg of onion bulb was recorded in Anambra at N872.23, whereas the bottom was recorded in Gombe at N506.41.
The report indicated that Delta recorded the best common worth of 1kg of tomato at N1,505.16, whereas Kano recorded the bottom worth at N396.04
Evaluation by zone confirmed that the common worth of 1kg of boneless beef was highest within the Southeast at N3,643.65, adopted by the Southwest at N3,290.11.
The bottom worth was recorded within the Northeast at N2,632.22.
The Southwest and South-South recorded the best common worth of 1kg of native rice at N956.28 and N932.47, respectively, whereas the bottom worth was within the Northeast at N776.12.
The report acknowledged that the Southeast recorded the best common worth of 1kg of brown beans at N1,034.08, adopted by the Southwest at N977.98, whereas the North-West recorded the bottom worth at N663.96
It added that the Southeast and South-South recorded the best common worth of 1kg of onion bulb at N817.11 and N775.34, respectively, whereas the bottom was recorded within the Northeast at N529.95.
The NBS acknowledged additionally that the South-South recorded the best common worth of 1kg of tomato at N1,307.66, adopted by the Southwest at N1,047.18.
“The Northwest recorded the bottom worth of 1kg of tomato at N434.80,’’ the NBS acknowledged
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