Aduragbemi Omiyale
By Aduragbemi Omiyale
In September 2022, the price of 1kg of tomato increased by 3.29 per cent to N445 from the preceding month’s N431, data from the National Bureau of Statistics (NBS) has shown.
in the Selected Food Price Watch of the agency for September 2022, it was disclosed that on a year-on-year basis, the price skyrocketed by 30.06 per cent to N445 from N342 reported in the same period of last year.
In the report, it was stated that last month, there was a 2.52 per cent month-on-month rise in the average price of one bottle of vegetable oil to N1,076 from N1,050 in August 2022 and a 32.35 per cent y-o-y increase from NN813 in September 2021.
Also, the average price of 1kg of local rice jumped by 3.82 per cent m-o-m to N471 in September 2022 and rose by 14.98 per cent y-o-y from N410 in September 2021.
Furthermore, the average price of 1kg of brown beans rose on a year-on-year basis by 13.14 per cent from N492 in September 2021 to N557 in September 2022 and on a month-on-month basis by 2.05 per cent from N546 in August 2022.
Similarly, the average price of 1kg of boneless beef increased by 24.39 per cent on a year-on-year basis from N1,768 in September 2021 to N2,199 in September 2022.
At the state level, the highest average price of local rice was recorded in Rivers at N622, while the lowest was recorded in Jigawa at N371. Further, Ebonyi recorded the highest average price of brown beans at N857, while the lowest was reported in Benue at N368.21. In addition, Abia recorded the highest price of vegetable oil at N1,464, while Benue recorded the lowest at N644.
Analysis by zone showed that the average price of 1kg tomato was higher in the South-South and South-East at N711 and N643, respectively, while the lowest was recorded in the North-East at N209, with the South-South recording the highest average price of 1kg of local rice at N519, followed by the South-West at N514, while the lowest was recorded in the North-West at N417.
Similarly, the South-East recorded the highest average price of brown beans at N790, followed by the South-South at N673, while the North-East recorded the least at N397.
