Bag of local rice sells for ₦95,738 (See price of beans, egg, meat)

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Bag of local rice sells for ₦95,738 (See price of beans, egg, meat) …C0NTINUE READING HERE >>>

According to the latest data from the National Bureau of Statistics (NBS), the price of local rice and beans has risen sharply over the past year.

The ‘Selected Food Price Watch’ for September 2024 shows that the cost of a 50 kg bag of local rice surged by 152.9% year-on-year, climbing to ₦95,738 in September 2024 from ₦37,853 in September 2023.

Additionally, the price of 1 kilogram of local rice increased to ₦1,914.77.

NBS

The NBS report stated, “The average price of 1kg Local rice sold loose went up by 152.92 percent on a year-on-year basis from ₦757.06 in September 2023…

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