The National Bureau of Statistics (NBS), has explained the sharp increase in prices of selected food items in July.
The bureau stated this in its Selected Food Prices Watch Report for July 2022, released in Abuja on Monday.
It stated for instance 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 said also that the average price of 1kg of tomatoes rose 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 NBS further said that average price of a bottle of groundnut oil sold for 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.
State-by-State analysis showed that Ebonyi 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.
It explained 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.