How Food Prices Changed in Nigeria — NBS Selected Food Price Watch (Oct 2024)
A data-led explanation of the items that rose the most between October 2023 and October 2024, and which states paid the highest prices. Simple charts and clear figures for busy readers.
Key summary
Select an item to see the Oct-2023 → Sep-2024 → Oct-2024 trend, month-on-month and year-on-year changes, and where prices were highest and lowest in Oct-2024.
Quick figures (selected)
| Period | Price (N) |
|---|---|
| Oct 2023 | — |
| Sep 2024 | — |
| Oct 2024 | — |
| MoM change | — |
| YoY change | — |
What this means
The NBS data (Selected Food Price Watch, Oct 2024) shows very large year-on-year increases across multiple staples. For example, the average price of 1kg of brown beans rose from about ₦790 in Oct 2023 to ₦2,798 in Oct 2024 (a 254% increase). Eggs, bread and rice also recorded large YoY gains. These numbers reflect pressures on supply chains, currency movements, and other shocks that affect food affordability for households. Readers should note that state-level prices vary significantly—some states still pay much higher prices for the same items. :contentReference[oaicite:1]{index=1}
