By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
P9O Newsletter
Join Us!

Subscribe to our newsletter and never miss our investigative stories, breaking news, podcasts etc..

Zero spam, Unsubscribe at any time.
  • Home
  • Nigeria
  • Politics
  • Metro
  • World
  • Lifestlye
  • Football
  • 2023 Election
Reading: NBS: Food prices skyrocketed in November
Prime 9ja Online
Prime 9ja Online Prime 9ja Online
Aa
  • Africa
  • Business
  • Football
  • Metro
  • Nigeria
  • Opinion
  • Politics
  • Technology
Search
  • Categories
  • _Football
  • _Lifestyle
  • _World
  • _Metro
  • _Politics
  • _Nigeria
  • Pages
  • _About Us
  • _Contact Us
  • _Privacy Policy
Follow Us
Business

NBS: Food prices skyrocketed in November

The National Bureau of Statistics reports that in November, prices for a number of food items increased (NBS). This is confirmed by the Sele...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief December 27, 2022
Updated December 27, 2022 at 11:01 AM
Share
NBS: Food prices skyrocketed in November
SHARE

NBS: Food prices skyrocketed in November

The National Bureau of Statistics reports that in November, prices for a number of food items increased (NBS).

This is confirmed by the Selected Food Prices Watch Report for November 2022, which was released on Monday by the National Bureau of Statistics.

According to the data, the average cost of a kilogramme of boneless beef increased by 3.14 percent from the previous month's N2,266.24 to N2,337.46 in November 2022, representing a 29 percent increase over the same month last year. An average kilogramme of boneless beef cost N1,812,03 in November 2021.

“Selected Food Price Watch for November 2022 shows that the average price of 1kg beef boneless stood at N2,337.46 in November 2022.”

This represented an increase of 29.00% from the figure recorded in November 2021 (N1,812.03) and an increase of 3.14% from N2,266.24 in October 2022.

“The average price of 1kg rice (locally sold loose) increased on a year-on-year basis by 18.95% from N421.02 in November 2021 to N500.80 in November 2022. On a month-on-month basis, the average price of this item increased by 2.73% in November 2022.

“The average price of 1kg of Tomato on a year-on-year basis rose by 30.18% from N350.15 in November 2021 to N455.13 in November 2022. Also, on a month-on-month basis, it increases to 0.15% from N454.46 in October 2022.”

According to the data presented, the cost of brown beans (sold loose) increased from an average of N490.19 per kilogramme in November 2021 to N578.55 in November 2022. The price increased by 2.45% as compared to the previous month.

The average price of Palm oil grew from N775.11 per bottle in November 2021 to N1,006.64 per bottle in November 2022, a 29.87% increase. Additionally, monthly growth was 3.91 percent. As another example, in November 2022 the average price of a bottle of vegetable oil (1 bottle) was N1,142.99, up 30.41% from the November 2021 average of N876.47. From October 2022’s N1,106.08, it increased by 3.34 percent month-over-month in November 2022.

The lowest average price of rice (locally sold loose) was found in Jigawa (at N378.11), while Rivers had the highest at N632.05.

Beans (brown, sold loose) averaged N868.33 in Ebonyi and N365.71 in Kebbi. Vegetable oil (1 bottle, specify bottle) was most expensive in Ekiti (N1,584.31) and least expensive in Kwara (N693.08).

The report’s zone-by-zone analysis revealed that the average cost of 1 kilogramme of boneless beef was highest in the South-East and South-South, at N2,851.51 and N2,570.87, respectively, and lowest in the North-East, at N1,971.83.

The average price of 1 kilogramme of rice (locally sold loose) was highest in the South-South (N555.80), then in the South-West (N526.41), and lowest in the North-West (N457.16).

Similarly, the South-West region had the highest average price of Palm oil: (1 bottle) at N1,174.30, followed by the North-West at N1,129.63, and the North-East at N765.04.

Tags: Business

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook WhatsApp TwitterEmail Print

You Might Also Like

Facebook Like
Twitter Follow
Pinterest Pin
Telegram Subscribe
Prime 9ja Online

Subscribe to our newsletter to receive our latest updates instantly on your email.

About

  • About Us
  • Privacy Policy
  • Terms
  • Disclaimer
  • Fact-Checking Policy
  • Code of Ethics
  • Corrections and Correctives
  • Editorial Integrity
  • Ethical Conduct
  • Funding

Connect

  • Contact Us
  • Advertise
  • Submit a Tip

© 2025 Prime 9ja Online Media - All Rights Reserved.

Follow Us