Costs of chosen meals objects rose in August: NBS

Sunday, September 25, 2022

Food stuff (Credit: Ahmed Oluwasanjo/Peoples Gazette)

Meals stuff (Credit score: Ahmed Oluwasanjo/Peoples Gazette)

The Nationwide Bureau of Statistics (NBS) in its Chosen Meals Costs Watch Report for August launched on Saturday mentioned costs of some meals objects elevated in August.

It mentioned that the common worth of 1kg of beans (white, black eye, offered unfastened) rose on a year-on-year foundation by 12.94 per cent from N457.98 in August 2021 to N517.23 in August 2022.

“Additionally, on a month-on-month foundation, this declined to five.51 per cent from N547.38 in July 2022,” the report said.

The report mentioned the common worth of 500g sliced Bread elevated on a year-on-year foundation by 33.12 per cent from N366.69 in August 2021 to N488.14 in August 2022.

“On a month-on-month foundation, the common worth of this merchandise elevated by 0.38 per cent in August 2022.”

Equally, the report mentioned the common worth of 1kg beef (boneless) rose by 26.09 per cent on a year-on-year foundation from N1,698.18 in August 2021 to N2,141.18 in August 2022.

As well as, it mentioned the common worth of a bottle of Groundnut oil stood at N1,087.64 in August 2022, exhibiting a rise of 33.83 per cent from N812.70 in August 2021.

“On a month-on-month foundation, it rose by 0.88 per cent from N1,078.17 in July 2022.”

The NBS mentioned the common worth of 1kg Yam Tuber on a year-on-year foundation rose by 32.12 per cent from the worth recorded in August 2021 at N305.48 to N403.63 in August 2022.

It mentioned on a month-on-month foundation, it elevated to N403.63 in August 2022 from N389.75 in July 2022, indicating a 3.56 % improve.

The report mentioned the common worth of 1 bottle of Palm oil elevated by 34.08 per cent from N668.71 in August 2021 to N896.63 in August 2022.

“It additionally grew by 0.67 per cent on a month-on-month foundation,” the report mentioned.

The report mentioned on the state degree, Ebonyi recorded the very best common worth of beans (white, Black eye, offered unfastened) with N823.35, whereas the bottom was reported in Borno with N318.33.

The report mentioned the very best common worth of 500g of sliced bread was recorded in Abia at N680.33, whereas the bottom was recorded in Plateau with N300.

“As well as, Akwa-Ibom recorded the very best worth of 1kg Yam tuber with N810.33, whereas Taraba recorded the bottom with N153.27.”

The report exhibits that evaluation by zone confirmed that the South-East recorded the very best common worth of brown beans offered unfastened with N787.48, adopted by the South-South with N671.03. “The North-East recorded the least with N377.37,” it added.

Equally, the South-East recorded the very best common worth of 500g of sliced bread with N645.80, adopted by the South-south with N588.56.

“The bottom was recorded within the North-East with N327.40.”

It mentioned the common worth of 1kg Yam tuber was increased within the South-South and South-West with N580.04 and N536.76, respectively.

“The bottom was recorded within the North-East with N177.00.”

(NAN)

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