The value of rice elevated by 98.47% between January 2023 and January 2024, according to the most recent NBS Meals Worth survey.
In line with the report, residents of Abuja noticed the steepest rise in the worth of the commodity, paying around N1,350 for 1kg of free rice.
- The report said, “The typical worth of 1kg of rice native bought free stood at N1,021.79. This means an increase of 98.47% in value on a year-on-year foundation from N514.83 recorded in January 2023 and an 11.31% rise in worth on a month-on-month foundation from N917.93 in December 2023.
- “The very best common worth of 1kg of Rice native bought free was recorded in Abuja state at N1,350 whereas the bottom was recorded in Benue state at N800.64.”
Beef and Beans
The value of 1kg of boneless beef noticed a 37.08% annual enhancement, rising from N2,418.91 in January 2023 to N3,315.78 in January 2024, with a 5.37% enhancement from December 2023’s N3,146.94. Equally, 1kg of free brown beans skilled a 64.42% year-on-year worth surge, going from N593.96 in January 2023 to N976.58 in January 2024 and a 12.16% month-to-month rise from N870.67 in December 2023.
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The best typical worth for 1kg of boneless beef reached N4,000 in Abuja, with the bottom present in Gombe State at N2,639. Akwa-Ibom State reported the best everyday price for 1kg of free brown beans at N1,466.67, and the bottom was noticed in Adamawa at N677.23.
Onion and Tomato
The typical price of a 1kg onion bulb surged by 97.38% yearly, from N446.44 in January 2023 to N881.20 in January 2024, alongside a 9.33% month-to-month decrease.
Equally, the typical worth of 1kg of tomato witnessed an 80.98% annual enhancement, transferring from N467.04 in January 2023 to N845.26 in January 2024, with a month-to-month development of three.82% from N814.16 in December 2023.
Rivers state is famous for the best everyday price for 1kg of onion bulb at N1,454.09, with Zamfara reporting the bottom at N435.71. Delta registered the best typical worth for 1kg of tomato at N1,474.79, whereas Kano noticed the bottom at N422.7.
Yam
The typical worth of 1 tuber of yam elevated year-on-year by 109.09% from N431.36 to N901.94. Between December 2023 and January 2024, the cost of yam elevated by 10.14% from N818.92 to the present determination.
Palm oil
The typical price of 1 bottle of palm oil for January 2024 stood at N1456.72, representing a 39.53% enhancement from the N1044.04 it bought for in January 2023.
