RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Commodities

Food prices continue to surge in November 2022

Rate Captain by Rate Captain
December 28, 2022
in Commodities
Reading Time: 2 mins read
A A
0
CBN plans to use GSI in recovering loans from defaulters on the Anchor Borrowers’ Program
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The National Bureau of Statistics (NBS), said that prices of selected food items increased in November.

This is, according to the NBS Selected Food Prices Watch Report for November 2022, released in Abuja on Monday.

AlsoRead

Oil Prices Climb Above $100 as US-Iran Hostilities Escalate

Global Bond Yields Climb, Pushing Up Fixed Mortgage Rates in Canada

Eurobond Yields Reach 8.2% as Investors Price in Long-Term Sovereign Risk

The report said that the average price of 1kg boneless beef on a year-on-year basis, increased by 29.00 per cent from N1,812.03 recorded in November 2021 to N2,337.46 in November 2022.

“While on a month-on-month basis, 1kg boneless beef increased by 3.14 per cent from N2,266.24 recorded in October 2022.”

It showed that the average price of 1kg rice (local) increased on a year-on-year basis by 18.95 per cent from N421.02 in November 2021 to N500.80 in November 2022.

“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. ”

The report said the average price of 1kg of tomato on a year-on-year basis rose by 30.18 per cent from N350.15 in November 2021 to N455.13 in November 2022.

“Also, on a month-on-month basis, 1 kg of tomato increased by 0.15 per cent from N454.46 recorded in October 2022.”

Also, the report showed that the average price of 1kg brown beans (sold loose) rose by 18.03 per cent on a year-on-year basis from N490.19 recorded in November 2021 to N578.55 in November 2022.

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

The NBS said the average price of Palm oil (1 bottle) increased by 29.87 per cent from N775.11 in November 2021 to N1,006.64 in November 2022.

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

Also, it said the average price of Vegetable oil (1 bottle) stood at N1,142.99 in November 2022, showing an increase of 30.41 per cent from N876.47 in November 2021.

“On a month-on-month basis, it rose by 3.34 per cent from N1,106.08 recorded in October 2022.”

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.

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

The NBS said the average price of white garri (sold loose) stood at N325.82 in November 2022, showing an increase of 7.79 per cent from N302.28 in November 2021.

“On a month-on-month basis, the item increased by 2.49 per cent from N317.90 recorded in October 2022.”

The report said at the state level, the highest average price of rice (local, sold loose) was recorded in Rivers at N632.05, while the lowest price was recorded in Jigawa at N378.81.

It said 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.

Also, the report said Ekiti recorded the highest price of Vegetable oil (1 bottle) at N1,584.31, while Kwara recorded the lowest price at N693.08.

It said analysis by zone showed that the average price of 1kg boneless beef was higher in the South-East and South-South at N2,851.51 and N2,570.87, respectively, while the lowest price of the item was recorded in the North-East at N1,971.83.”

The report said the South-South recorded the highest average price of 1kg rice (local, sold loose) at N555.80, followed by the South-West at N526.41, while the lowest price was recorded in the North-West at N457.16.

Also, it said the South-West recorded the highest average price of Palm oil (1 bottle) with N1,174.30, followed by the North-West at N1,129.63, while the North-East recorded the lowest price at N765.04.

Previous Post

CBN spends N800ln on currency production, destruction

Next Post

Lawmakers urges CBN to extend deadline to June 30th 2023

Related News

NMDPRA inaugurates oil and gas industry service permit portal.

Oil Prices Climb Above $100 as US-Iran Hostilities Escalate

by Akpan Edidong
September 10, 2026
0

Global oil prices rose above $100 a barrel on Wednesday for the first time since late July, as a sharp...

Global Bond Yields Climb, Pushing Up Fixed Mortgage Rates in Canada

by Victoria Attah
September 7, 2026
0

Bond yields are rising sharply around the world, with some government borrowing costs reaching levels not seen in years. The...

Ghana Reaches Agreement on Eurobond Restructuring: Key Details Explained

Eurobond Yields Reach 8.2% as Investors Price in Long-Term Sovereign Risk

by Stephen Akudike
September 3, 2026
0

Nigeria’s dollar-denominated Eurobonds are trading at yields of up to 8.2 per cent, underscoring the premium international investors continue to...

Morgan Stanley Raises Brent Oil Price Forecasts to $95 Per Barrel

Brent Climbs Above $90 as US-Iran Tensions Escalate

by Akpan Edidong
September 1, 2026
0

Oil prices rose more than two per cent on Monday as renewed military exchanges between the United States and Iran...

Next Post
CBN to Debit Banks by Thursday as it Raises Cash Reserve Ratio to 32.5%

Lawmakers urges CBN to extend deadline to June 30th 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

FG and CBN Sign Six-Point Agreement to Curb Inflation and Stabilise Fuel Prices

September 24, 2026
Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

September 22, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market

    0 shares
    Share 0 Tweet 0
  • Nembe Crude Oil Discovery Promises Economic Boost as European countries Shows Interest

    0 shares
    Share 0 Tweet 0
  • Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline

    0 shares
    Share 0 Tweet 0
  • Nigerian Stocks Deepen Loss Amid Investors’ Reluctance to Hold Bank Shares

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>