Beans
The National Bureau of Statistics, NBS, yesterday, said prices of beans, eggs, bread, rice, and other food items witnessed significant price increases in October 2024. The NBS said this in its Selected Food Prices Watch report for October 2024 released in Abuja, yesterday. The report said that the average price of 1kg of brown beans increased by 254.23 percent from N790.01 recorded in October 2023 to N2,798.50 in October 2024.
“On a month-on-month basis, 1kg of brown beans increased by 2.19 percent in October from the N2,738.59 recorded in September 2024.”
It said that the average price of medium-sized Agric eggs (12 pieces) increased by 140.21 percent on a year-on-year basis from N1,112.22 in October 2023 to N2,671.60 in October 2024.
“On a month-on-month basis, the eggs increased by 7.42 per cent from the N2, 487.04 recorded in September 2024.”
The report said that the average price of sliced bread increased by 103.76 percent on a year-on-year basis from N760.82 in October 2023 to N1,550.24 in October 2024.
“On a month-on-month basis, the price increased by 1.44 percent from the N1,528.19 recorded in September 2024.”
In addition, the average price of 1kg of local rice rose by 137.32 percent on a year-on-year basis from N819.42 recorded in October 2023 to N1,944.64 in October 2024.
“On a month-on-month basis, it increased by 1.56 per cent from N1,194.77 recorded in September 2024.” Vanguard
