Price Of Rice Up 81% In 1 Year, Onions Rise 123% - Food

Price Of Rice Up 81% In 1 Year, Onions Rise 123% - Food - Nairaland

Nairaland Forum › Nairaland General › Food › Price Of Rice Up 81% In 1 Year, Onions Rise 123% (9161 Views)

Price Of Rice Up 81% In 1 Year, Onions Rise 123% by peekspot(op): 8:33am On Jan 25, 2024

The price of 1 kilogram (Kg) of rice increased year-on-year, YoY, by 81 percent to N917.93 in December 2023 from N506.17 in the corresponding period of 2022.

The National Bureau of Statistics, NBS, disclosed this yesterday in its Selected Food Price Watch for December 2023.

NBS also said the average price of 1kg of Beans brown (sold loose) rose by 48.5 percent YoY to N870.67 in December 2023 from N586.14 in December 2022.

Similarly, the average price of 1kg onion bulb rose by 122.9 percent YoY to N971.86 in December 2023 from N435.93 in December 2022.

In addition, the average price of 1kg of Tomato rose by 77.6 percent YoY to N814.16 in December 2023 from N458.42 in December 2022.

Meanwhile, the NBS in its Transport Fare Watch for December 2023 released yesterday said transport fare for bus, motorcycle (Okada), air and water transport journeys increased during the period.

It stated: “The average fare paid by commuters for bus journeys within the city per drop declined to 13.83 percent from N1,047.64 in November to N902.70 in December 2023. “On a YoY basis, it rose by 40 percent from N644.66 in December 2022.

“In air travel, the average fare paid by air passengers for specified routes single journey was N85,692.12 in December 2023, showing an increase of 5.36 percent while compared to previous month (November 2023).

“On a YoY basis, the fare rose by 14.8 percent from N74,597.30 in December 2022. The average transport fare paid on Okada transportation was N419.73 in December 2023 which declined by 11.29 percent when compared with the value recorded in November 2023 (N473.13). On a YoY basis, the fare declined by 9.04 percent when compared with December 2022 (N461.45).

“For water transport (waterway passenger transportation), the average fare paid in December 2023 increased to N1,386.76 from N1,352.70 which indicates an increase of 2.5 percent on a monthly basis.

“On a YoY basis, it increased by 34.77 percent from N1,029.00 in December 2022.”

https://www.vanguardngr.com/2024/01/price-of-rice-up-81-in-1-yr-onions-rise-123/

1 Like 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by SeeWahala: 8:36am On Jan 25, 2024

Some people's prik will also rise 500% upon reading this Wonderful statistics which them can never chop undecided

Sorry for them in advance

30 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by free2ryhme: 8:36am On Jan 25, 2024*

peekspot:
https://www.vanguardngr.com/2024/01/price-of-rice-up-81-in-1-yr-onions-rise-123/

wahala promax.

Cost of living uprising like a revolution cry

30 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by slaawomirr: 8:37am On Jan 25, 2024*

Damnnn niggar

Were are we going in this nation

The warey we have as president is going to France 🇫🇷 for a private visit when Nigeria is on fire
We warned and warned after what we passed through in Buhari's administration knowing fully well that tinubu was the person that brought upon us Buhari's administration and he was part of it
They allowed tribalism and religion sentiments to do them again

SmallDick99:
Those of you that prayed: it will favour me and my family; have u finally realized that u were stupid?

Foolish Nigerians are still in the majority that's why the country can't progress in the next 80 years.

Just imagine
Not only foolish Nigerians
Tribalistic and religion sentimental beings are too many in Nigeria...this 2023 election revealed the problem of Nigeria to be tribalism and religion sentiments

80 Likes 5 Shares

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Funkyswagzz(m): 8:37am On Jan 25, 2024

Price of dollar is 1390 this government is doing well. Joke apart if dangote would have prioritised production of pms and port harcourt have started by now, we would've seen the impact. One question I keep asking is, are our leaders not aware of the problems we are facing or they don't want to solve it asap?

20 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Houseontherock1: 8:38am On Jan 25, 2024

For a country that is heavily dependent on importation, strengthening the Naira will reduce inflation by a wide margin. First, it will reduce the cost of importing fuel and foreign goods. Once fuel price reduces locally, prices will go down and cost of imported goods will go down. The 2 economic mistakes of this administration were made within the first week of assumption of duty: the subsidy is gone announcement, floating the naira. Unfortunately, fuel price is one of the key indexes that controls price of commodities in Nigeria because we are heavily dependent on petrol and diesel powered vehicles, it's also our major source of electrical power!

12 Likes 3 Shares

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by SirLakes: 8:38am On Jan 25, 2024

42 Likes 2 Shares

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Haydens: 8:38am On Jan 25, 2024

Messed up country

11 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by ddippset(m): 8:38am On Jan 25, 2024

Emilokan Tinubu will handle economy...

Even the manhood is now shaking...

17 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by DropsMic(m): 8:38am On Jan 25, 2024

We have no right to complain.

17 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Btruth: 8:38am On Jan 25, 2024

Hummm...... O su mii 😥

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Gondonu: 8:38am On Jan 25, 2024

No wonder them dey shout ebi npa wa ooooo

7 Likes

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Jovi10: 8:39am On Jan 25, 2024

Emilokan emilokan now shege banza ti kan gbogbo wa bayi.

Iwo to dibo fun buhari ati tinubu, ko ni ye yin o, e ni kuure.

19 Likes 4 Shares

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by tetralogyfallot(m): 8:39am On Jan 25, 2024

Wetin never rise for 9ja? May God protect our good health. This is the worst time to fall sick.

17 Likes

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by BUSINESSREGISST: 8:40am On Jan 25, 2024

ufrur

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Kingbuhari(m): 8:40am On Jan 25, 2024

We warned them.. they say nah Omikolo bla bla bla.

The truth of the matter is that my family will never suffer any of these. Just 300usd x 1150 naira = 345k. My aged parents can't finish 345k in a month

Let's see who go suffer most

11 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by SmallDick99(m): 8:41am On Jan 25, 2024*

Those of you that prayed: it will favour me and my family; have u finally realized that u were delusional? cheesy

I don't understand how we can be that selfish, now we are all suffering this together sad

13 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Evolutionism: 8:41am On Jan 25, 2024

peekspot:
The price of 1 kilogram (Kg) of rice increased year-on-year, YoY, by 81 percent to N917.93 in December 2023 from N506.17 in the corresponding period of 2022.

The National Bureau of Statistics, NBS, disclosed this yesterday in its Selected Food Price Watch for December 2023.

NBS also said the average price of 1kg of Beans brown (sold loose) rose by 48.5 percent YoY to N870.67 in December 2023 from N586.14 in December 2022.

Similarly, the average price of 1kg onion bulb rose by 122.9 percent YoY to N971.86 in December 2023 from N435.93 in December 2022.

In addition, the average price of 1kg of Tomato rose by 77.6 percent YoY to N814.16 in December 2023 from N458.42 in December 2022.

Meanwhile, the NBS in its Transport Fare Watch for December 2023 released yesterday said transport fare for bus, motorcycle (Okada), air and water transport journeys increased during the period.

It stated: “The average fare paid by commuters for bus journeys within the city per drop declined to 13.83 percent from N1,047.64 in November to N902.70 in December 2023. “On a YoY basis, it rose by 40 percent from N644.66 in December 2022.

“In air travel, the average fare paid by air passengers for specified routes single journey was N85,692.12 in December 2023, showing an increase of 5.36 percent while compared to previous month (November 2023).

“On a YoY basis, the fare rose by 14.8 percent from N74,597.30 in December 2022. The average transport fare paid on Okada transportation was N419.73 in December 2023 which declined by 11.29 percent when compared with the value recorded in November 2023 (N473.13). On a YoY basis, the fare declined by 9.04 percent when compared with December 2022 (N461.45).

“For water transport (waterway passenger transportation), the average fare paid in December 2023 increased to N1,386.76 from N1,352.70 which indicates an increase of 2.5 percent on a monthly basis.

“On a YoY basis, it increased by 34.77 percent from N1,029.00 in December 2022.

2 Likes

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by SoNature(m): 8:41am On Jan 25, 2024

Nigeria needs a national price regulatory commission because we are a country full of greedy opportunists

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by GGIA: 8:42am On Jan 25, 2024

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Suzzytee05(f): 8:42am On Jan 25, 2024

These days we only eat rice like twice in a week.

Spaghetti has replaced rice in my house.

9 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Chinedumejoooo: 8:42am On Jan 25, 2024

They so called leaders and necessary institution are keeping mute.
Confused set of leaders,no good policies nothing to offer.

1 Like

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by adesegun121(m): 8:42am On Jan 25, 2024

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Odogwuzack: 8:43am On Jan 25, 2024

SirLakes:

Lol keep mocking those that are obviously doing better than you. At least they are brave enough to confront the president with their needs while your own people die in silence and claim audio Billionaires on social media. grin

4 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Authoreety: 8:44am On Jan 25, 2024

Let's hope dangote brings down the price of deisel and the other jet fuel

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by BondRiv: 8:44am On Jan 25, 2024

This country and inflation. Things keep skyrocketing.

2 Likes

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Paraman: 8:45am On Jan 25, 2024

President Tinubu should let rice be imported through the land boders

5 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Xox1945(m): 8:46am On Jan 25, 2024

Tinubu and APC zombies how far las las. Una go cry

5 Likes

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Cocolatti(m): 8:46am On Jan 25, 2024

Jagabanomics

1 Like 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by woleabayo(f): 8:47am On Jan 25, 2024

when Tinubu is in power, his friends are his enemy. grin

4 Likes 1 Share

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Princedapace(m): 8:49am On Jan 25, 2024

DropsMic:
We have no right to complain.

Spot on! We defended incompetent govt for generations because of tribalism.

5 Likes

Re: Price Of Rice Up 81% In 1 Year, Onions Rise 123% by Chibuzoc(m): 8:50am On Jan 25, 2024

Standing on the mandate

1 Like

1 2 3 Reply

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