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Prices Of Rice, Beans, Garri, Others Rose In March: NBS

The National Bureau of Statistics (NBS) says prices of beef, rice, beans, white garri, yam, and other food items increased in March 2024.

The NBS said this in its Selected Food Prices Watch report for March 2024, released in Abuja on Friday.

The report said that the average price of 1kg of boneless beef increased by 73.78 per cent from N2,479.61 recorded in March 2023 to N4,309.16 i

“On a month-on-month basis, 1kg of boneless beef increased by 17.91 per cent in March from the N3,654.56 recorded in February 2024.”

It said that the average price of 1kg of local rice increased by 152.93 per cent on a year-on-year basis from N530.08 recorded in March 2023 to N1,340.74 in March 2024

“On a month-on-month basis, 1kg of local rice increased by 9.63 per cent from the N1,222.97 recorded in February 2024.”

The report said that the average price of 1kg of brown beans increased by 106.78 per cent on a year-on-year basis from N596.96 in March 2023 to N1,234.40 in March 2024.

“On a month-on-month basis, the price increased by 4.79 per cent from the N1,177.93 recorded in February 2024.”

The NBS said that the average price of 1kg of white garri increased by 112.34 per cent on a year-on-year basis from N353.16 in March 2023 to N749.89 in March 2024.

In addition, the average price of 1kg of yam tuber rose by 141.25 per cent on a year-on-year basis from N443.02 recorded in March 2023 to N1,068.78 in March 2024.

“On a month-on-month basis, it increased by 5.87 per cent from N1,009.56 recorded in February 2024 to N1,068. in March 2024.”

On state profile analysis, the report showed that in March 2024, the highest average price of 1kg of boneless beef was recorded in Kwara at N5,500, while the lowest was recorded in Benue at N3,400.22.

It said that Niger recorded the highest average price of 1kg of local rice at N1,699.98, while the lowest was recorded in Benue at N985.83.

The NBS said that the highest average price of 1kg of brown beans was recorded in Ondo at N1,596.68, while the lowest price was recorded in Sokoto at N745.5

According to the report, Ogun recorded the highest average price of 1kg of white garri at N1,021.13, while the lowest was reported in Benue at N490.55.

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