Food prices in Nigeria increased in March 2024, with boneless beef up 73.78% and local rice up 152.93%.
The National Bureau of Statistics (NBS) reported that food prices rose in March 2024, with 1kg of boneless beef increasing by 73.78%, from N2,479.61 in March 2023 to N4,309.16 in March 2024. Local rice prices also increased by 152.93% from N530.08 in March 2023 to N1,340.74 in March 2024. Food prices have continued to rise across Nigeria despite the recent rebound of the naira, impacting consumers' budgets.
April 26, 2024
6 Articles