Beef price rises by 23.13% in 12 months – NBS

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The average price of 1kg of Beef boneless stood at N2,495.69 in April 2023, the National Bureau of Statistics (NBS) has said.  

In its Selected Food Price Watch for April 2023 report, the statistics bureau noted that it indicates a 23.13 per cent rise in price on a year-on-year basis, from N2,026.85 recorded in April 2022 and a 0.65 per cent rise in price on a month-on-month basis from N2,479.61 in March 2023.

“The average price of 1kg of Tomato increased by 13.73% on a year-on-year basis from N426.54 in April 2022 to N485.10 in April 2023.

“On a month-on-month basis, the average price of this item increased by 3.97% in April 2023,” the report said.  

The average price of 1kg of brown Beans rose by 16.03 per cent on a year-on-year basis from N530.62 in April 2022 to N615.67 in April 2023.

On a month-on-month basis, it increased by 3.13 percent from N596.96 in March 2023. 

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