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Wednesday, May 8
Zone-wise, the South-South region recorded the highest average price for 1kg of boneless beef at ₦5,087.89, and the South-West and South-South zones saw the highest prices for local rice at ₦1,526.95 and ₦1,469.39, respectively.
According to the NBS’s Selected Food Prices Watch for March 2024, released on Friday in Abuja, the average price of 1kg of boneless beef surged by 73.78% year-on-year from ₦2,479.61 in March 2023 to ₦4,309.16 in March 2024.
The report also detailed a significant 152.93% increase in the price of 1kg of local rice year-on-year, rising from ₦530.08 in March 2023 to ₦1,340.74 in March 2024..
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