In July 2022, Food Costs Rise – NBS, #July #food #costs #increased #NBS Welcome to 50 Minutes S BlogHere is the latest breaking news and trending broadcast that we bring to you today:
It was mentioned in the July 2022 Select Food Price Watch, which was published on Monday in Abuja.
According to the National Bureau of Statistics, the average cost of a kilogram of white beans increased from N444.21 in July 2021 to N547.38 in July 2022, an increase of 23.22 percent.
The price grew 2.09 percent on a monthly basis, from N536.17 in June 2022 to N547.38 in July 2022.
The survey also indicated that from N414.83 in July 2021 to N446.81 in July 2022, the average price of 1 kg of tomatoes per year grew by 7.71%.
In July 2022, the average price of 1 kg of boneless beef was N2,118.84, up 27.58% over N1,660.76 recorded in July 2021.
NBS also reported that the average cost of a bottle of peanut oil was N1,078.17 in July 2022, up from N768.81 in July 2021 by 40.24%.
The average cost of one kilogram of domestic rice grew year on year by 13.55%, from N411.97 in July 2021 to N467.80 in July 2022.
A bottle of palm oil cost an average of N890.67 in July 2022, up from N635.31 in July 2021. This represents an increase of 40.19%.
A statewide study revealed that Borno had the lowest average price for 1 kg of white kidney beans in July 2022 at N317.73 and Ebonyi had the highest average price at N900.51.
According to the research, Edo had the highest average price per kilogram of tomatoes at N799.16, while Taraba had the lowest price at N159.14.
A kilogram of domestic rice is the most expensive in rivers at N619.62, while Jigawa has the lowest at N363.34.
The southeast had the highest average price for brown beans, at N853.19 per kilogram, followed by the southwest, at N598, and the northeast, at N379.03, according to area analyses.
Tomatoes were most expensive on average in the Southeast ($678.80 per kg), followed by the Northwest ($656.93), and the least expensive in the Northeast ($194.72).
According to NBS, the average cost of a kilogram of domestic rice was N796.03 in the northeast, the highest price ever recorded in July 2022, and N519.64 in the southwest.
At N401.72, North Central recorded the lowest price for 1 kg of local rice.
Content created and submitted by: Wester234 (via 50minds
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