The National Bureau of Statistics (NBS) has stated that prices of beans, eggs, bread, rice, and other food items witnessed significant price increases in October 2024.

According to the NBS, in its selected Food Prices Watch report for October 2024, released in Abuja on Tuesday, the average price of 1 kg of brown beans increased by 254.23 per cent from N790.01 recorded in October 2023 to N2,798.50 in October 2024.

“On a month-on-month basis, 1 kg of brown beans increased by 2.19 per cent in October from the N2,738.59 recorded in September 2024.”

It said that the average price of medium-sized Agric eggs (12 pieces) increased by 140.21 per cent on a year-on-year basis from N1,112.22 in October 2023 to N2,671.60 in October 2024.

“On a month-on-month basis, the eggs increased by 7.42 per cent from the N2, 487.04 recorded in September 2024.”

The report said that the average price of sliced bread increased by 103.76 per cent on a year-on-year basis from N760.82 in October 2023 to N1,550.24 in October 2024.

“On a month-on-month basis, the price increased by 1.44 per cent from the N1,528.19 recorded in September 2024.”

In addition, the average price of 1 kg of local rice rose by 137.32 per cent on a year-on-year basis from N819.42 recorded in October 2023 to N1,944.64 in October 2024.

“On a month-on-month basis, it increased by 1.56 per cent from N1,194.77 recorded in September 2024.”

Also, the report said that the average price of 1kg of boneless beef increased by 98.73 per cent on a year-on-year basis from N2,948.03 in October 2023 to N5,858.58 in October 2024.

“On a month-on-month basis, the price increased by 3.99 per cent from the N5,633.60 recorded in September 2024.”