Rivers, Ebonyi, Ekiti Record Highest Prices Of Rice, Beans, Vegetable Oil – NBS Reveals Surge In Cost Of Food Items

The National Bureau of Statistics (NBS) has revealed that Rivers, Ebonyi and Ekiti States recorded the highest prices in the sales of food items like rice, beans and vegetable oil.

Naija News reports that NBS, in its selected Food Prices Watch Report for November 2022, released in Abuja on Monday, revealed that Rivers State recorded the highest average price of rice (local, sold loose) at the cost of N632.05, while the lowest price was recorded in Jigawa at N378.81.

The report showed that at the state level, Ebonyi state recorded the highest average price of beans (brown, sold loose) at N868.33, while the lowest was recorded in Kebbi state at N365.71.

In the report, Ekiti recorded the highest price of Vegetable oil (1 bottle) at ₦1,584.31, while Kwara recorded the lowest price at N693.08.

The zone analysis of the NBS’s report reveals that the average price of 1kg boneless beef was higher in the South-East and South-South at ₦2,851.51 and ₦2,570.87, respectively, while the lowest price of the item was recorded in the North-East at ₦1,971.83.

The food price watch showed that the South-South recorded the highest average price of 1kg rice (local, sold loose) at N555.80, while the item sold for N526.41 in the South-West, and the lowest price was recorded in the North-West at N457.16.

The report also noted that while the North-East recorded the lowest price of Palm oil (1 bottle) which sold at N765.04, the South-West recorded the highest average in the price of the same item which sold at ₦1,174.30, followed by the North-West at ₦1,129.63.

Meanwhile, Naija News learned that the report in its yearly and monthly analysis revealed that the average price of 1kg boneless beef on a year-on-year basis, increased by 29.00% from ₦1,812.03 recorded in November 2021 to ₦2,337.46 in November 2022.

“While on a month-on-month basis, 1kg boneless beef increased by 3.14 per cent from ₦2,266.24 recorded in October 2022,” the report said.

Also, it revealed that the average price of 1kg of rice (local) increased on a year-on-year basis by 18.95% from N421.02 in November 2021 to N500.80 in November 2022, while 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.

The NBS submitted that “On a month-on-month basis, the average price of this item increased by 2.73 per cent from N487.47 recorded in October 2022, while “On a month-on-month basis, 1 kg of tomato increased by 0.15 per cent from N454.46 recorded in October 2022.”

The food watch stated that the average price of 1kg brown beans (sold loose) rose by 18.03% on a year-on-year basis from N490.19 recorded in November 2021 to N578.55 in November 2022, and the average price of Palm oil (1 bottle) increased by 29.87% from N775.11 to ₦1,006.64 under the period being reviewed.

“While on a month-on-month basis, the price rose by 2.45 per cent from N564.69 recorded in October 2022.

“On a month-on-month basis, the item grew by 3.91 per cent from the N968.76 recorded in October 2022,” the report revealed.

Within the period under review, the average price of Vegetable oil (1 bottle) stood at ₦1,142.99 at its latest price in November 2022, while it sold at N876.47 same period in 2021, which means an increase of 30.41% was recorded.

The report said the average price of a yam tuber stood at N421.08 in November 2022, showing an increase of 29.25 per cent from N325.78 in November 2021.

While it revealed that “On a month-on-month basis, it rose by 3.34 per cent from ₦1,106.08 recorded in October 2022.

“On a month-on-month basis, 1 tuber of yam increased by 2.74 per cent from N409.86 recorded in October 2022.”

The average price of white garri (sold loose) stood at N325.82 in November 2022, showing an increase of 7.79% from N302.28 in November 2021, while the report stated that “On a month-on-month basis, the item increased by 2.49 per cent from N317.90 recorded in October 2022.”