One kilogram (kg) of rice cost N917.93 in December 2023 compared to N506.17 in the same period in 2022, an 81 percent year-over-year (YoY) increase.
This was revealed yesterday in the National Bureau of Statistics' (NBS) Selected Food Price Watch for December 2023.
According to NBS, the average cost of one kilogram of brown beans (sold loose) increased by 48.5 percent year over year from N586.14 in December 2022 to N870.67 in December 2023.
Comparably, the average cost of a kilogram of onion bulbs increased by 122.9 percent year over year from N435.93 in December 2022 to N971.86 in December 2023.
Furthermore, the average cost of a kilogram of tomatoes increased by 77.6% YoY from N458.42 in December 2022 to N814.16 in December 2023.
In the meantime, the NBS reported that during the period, the cost of travel by bus, motorbike (Okada), air, and water climbed in its Transport Fare Watch for December 2023, which was published yesterday.
The average fare paid by commuters for citywide bus trips dropped to 13.83 percent from N1,047.64 in November to N902.70 in December 2023, according to the statement.It increased by 40% year over year from N644.66 in December 2022.
In terms of air travel, the average fare paid by passengers for a single voyage on designated routes in December 2023 was N85,692.12, which represents a 5.36 percent rise from the previous month (November 2023).
The fare increased 14.8% year over year (YoY) from N74,597.30 in December 2022. December 2023 had an 11.29 percent decrease in the average transit fare spent on Okada transportation, from N473.13 in November 2023 to N419.73 in December 2023. In comparison to December 2022 (N461.45), the fare decreased by 9.04 percent on a year-over-year basis.
"The average fare paid for water transport (waterway passenger transportation) climbed to N1,386.76 in December 2023 from N1,352.70, indicating a 2.5 percent monthly rise.
"YoY, it climbed from N1,029.00 in December 2022 by 34.77 percent."
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