The National Bureau of Statistics (NBS) has said airfare rose by 97.90 per cent in 12 months from November 2021 to November 2022.
In its document titled: “Transport Fare Watch (November 2022),” the Bureau stated that average airfare rose from N37,022.97 in November 2021 to N73,267.57 in November 2022.
“In air travels fare, the average fare paid by air passengers for specified routes single journey, increased by 0.09 per cent on a month-on-month from N73,198.65 in October 2022 to N73,267.57 in November 2022.
“On a year-on-year, the fare rose by 97.90 per cent from N37,022.97 in November 2021,” it stated.
Meanwhile, the Bureau noted that report showed Transport Fare Watch for November 2022 covering bus journey within the city per drop constant route; bus journey intercity (state route) charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.
The report said the average fare paid by commuters for bus journeys within the city per drop increased by 0.12 per cent in November 2022 on a month-on-month from N636.30 in October 2022 to N637.10.
According to NBS, while on a year-on-year, however, the average fare paid by commuters for bus journeys within the city per drop rose by 42.69 per cent from N446.50 in November 2021.
The report said in another category, the average fare paid by commuters for bus journey intercity per drop rose to N3,848.48 in November 2022 indicating an increase of 0.07 per cent on a month on-month compared to the value of N3,845.81 in October 2022.
NBS said on a year-on-year, the fare prices rose by 45.53 per cent from N2,644.50 in November 2021.
The Bureau said the average transport fare paid on Okada transportation was N459.02 in November 2022 which was 0.12 per cent higher than the rate recorded in October 2022 (N458.05) on a month-on-month basis.
It noted while on a year-on-year, the fare rose by 45.13 per cent when compared with November 2021, at N316.29. Whereas the average fare paid for water transport (waterway passenger transportation) in November 2022 increased to N1,006.33. showing an increase of 16.66 per cent on a year-on-year basis from N862.60 in November 2021 and 0.21 per cent on a month-on-month from N1,006.22 in October 2022.
In a similar document titled: “Selected Food Price Watch for November 2022,” shows that the average price of 1kg beef boneless stood at N2,337.46 in November 2022.
Continuing, the NBS noted that this indicated that on a year-on-year basis, the price rose by 29.00 per cent from the value recorded in November 2021 at N1,812.03, and 3.14 per cent on a month-on-month basis from N2,266.24 in October 2022.
NBS said the average price of 1kg rice (locally sold loose) increased on a year-on-year basis by 18.95 per cent from N421.02 in November 2021 to N500.80 in November 2022.
The Bureau noted the On a month-on-month basis, the average price of this item increased by 2.73 per cent in November 2022.
According to the report, the average price of 1kg of Tomato on a year-on-year basis rose by 30.18 per cent from N350.15 in November 2021 to N455.13 in November 2022.
“Also, on a month-on-month basis, it increases to 0.15 per cent from N454.46 in October 2022. Similarly, the average price of 1kg bean brown (sold lose) rose by 18.03 per cent on a year-on-year basis from N490.19 in November 2021 to N578.55 in November 2022. While on a month-on-month basis, the price rose by 2.45%.”
The Nation
