Bauchi, Kogi, and Oyo have emerged as Nigeria’s three most expensive states on a year-on-year basis.
The States recorded the highest All-Items Inflation in May 2024.
This was contained in the National Bureau of Statistics’s (NBS) latest May Consumer Price Index and Inflation report released on Saturday.
However, Kano, Gombe, and Bauchi are the most expensive states in Nigeria on a mlMonth-on-Month basis.
In May 2024, the All-Items inflation rate on a Year-on-Year basis was highest in Bauchi 42.30 percent, Kogi (39.38 percent Oyo (37.73 percent), according to the report.
Meanwhile, Borno (25.97 percent), Benue (27.74 percent) and Delta (28.67 percent) recorded the slowest rise in Headline inflation on a Year-on-Year basis.
Kano(4.24 percent), Gombe (4.06 percent), Bauchi (3.75 percent), recorded the highest increases in May on a Month-on-Month basis.
Ondo (0.57 percent), Kwara (1.19 percent) and Yobe(1.24 percent) recorded the slowest rise in Month-on-Month inflation.
In terms of food inflation Kogi, Ekiti, and Kwara states recorded the highest on a Year-on-Year basis.
NBS stated that food inflation stood at Kogi 46.32 percent, Ekiti (44.94 percent), Kwara (44.66 percent).
Conversely, Adamawa with 31.72 percent, Bauchi (34.35 percent) and Borno (34.74 percent) recorded the slowest rise in Food inflation on a Year-on-Year basis.
However, in the period under review, Food inflation was highest in Gombe state (4.88 percent), Kano (4.68 percent), and Bayelsa (3.62 percent), while Ondo (0.02 percent), Yobe (0.95 percent) and Adamawa (1.02 percent) recorded the slowest rise in Food inflation on Month-on-Month basis.
Get instant and latest news updates via Our WhatsApp Community or Google News online channel.
