Business
Food Prices Higher In July – NBS
The National Bureau of Statistics has said prices of selected food items increased last month.
According to the NBC Report for July 2022 released on Monday, which was made available to The Tide on selected food items, the increase varied from State to State.
The NBS stated that the average price of 1kg of white beans rose by 23.22 per cent from N444.21 in July 2021 to N547.38 in July 2022.
“On a month-on-month basis, the price increased by 2.09 per cent from N536.17 in June 2022 to N547.38 in July 2022.’’ It added.
The report stated also that the average price of 1kg of tomatoes increased on a year-on-year basis by 7.71 per cent from N414.83 in July 2021 to N446.81 in July 2022.
Average price of 1kg beef (boneless) in July 2022 was N2,118.84, an increase of 27.58 per cent from the N1,660.76 recorded in July 2021.
The statistical data also stated that average price of a bottle of groundnut oil stood at N1,078.17 in July 2022, showing an increase of 40.24 per cent from N768.81 in July 2021.
It added that the average price of 1kg of local rice increased on a year-on-year basis by 13.55 per cent from N411.97 in July 2021 to N467.80 in July 2022.
The average price of one bottle of palm oil stood at N890.67 in July 2022, showing an increase of 40.19 per cent from the N635.31 recorded in July 2021.
Further, analysis showed that Ebonyi state recorded the highest average price of 1kg of white beans in July 2022 at N900.51, while the lowest price was recorded in Borno at N317.73.
The report stated that the highest average price of 1kg of tomato was recorded in Edo at N799.16, while the lowest was recorded in Taraba at N159.14.
Similarly, Rivers recorded the highest price of 1kg of local rice at N619.62, while the lowest was recorded in Jigawa at N363.34.
Analyses by zones showed that the South-East recorded the highest average price of brown beans at N853.19 per kilogramme, followed by the South-West at N598.00, while the North-East recorded the least at N379.03.
The South-East recorded the highest average price of tomato at N678.80, per kilogramme, followed by the North-West at N656.93, while the lowest was recorded in the North-East at N194.72.
The NBS stated that the average price of 1kg of local rice in the North-East was N796.03, representing the highest recorded in July 2022, followed by the South-West at N519.64.
The North-Central recorded the lowest price for 1kg of local rice at N401.72, it stated.
By: Corlins Walter
Business
NPA Assures On Staff Welfare
Business
ANLCA Chieftain Emerges FELCBA’s VP
Business
NSC, Police Boost Partnership On Port Enforcement
-
Sports7 hours ago
Ronaldo Renews Stay With Saudi Pro League
-
Features5 hours ago
Between EFCC And NDDC: Strategic Alliance For Niger Delta
-
Niger Delta7 hours ago
EFCC Praises NDDC’S Performance … Unveils Projects In Bayelsa
-
Politics2 hours ago
Makinde Renames Polytechnic After Late Ex-Gov
-
Opinion7 hours ago
Nigerian English As Nation-Building Tool
-
Nation5 hours ago
TETFunds’ South Rep Visits CEAPOLY …Unveils Mass Communication Dept Building
-
Sports7 hours ago
Spanish Football Fires Entire Refereeing Committee
-
Niger Delta5 hours ago
OBALGA Sole Administrator Presents Brand New Fire Extinguishers To Council …Commiserates With Traders Over Rumuomasi Market Fire Incident …Commences Desilting Of Drainages