The National Bureau of Statistics, NBS, has revealed the most expensive States to live in Nigeria following the current economic downturn in the country.
According to the Bureau, the three most expensive States to live in Nigeria are Bauchi, Kebbi and Sokoto.
This was contained in NBS’s Consumer Price Index and inflation data for October, which was released on Friday.
According to the data, Bauchi State recorded the highest year-on-year inflation rate of 46.68 percent in October 2024. Bauchi was followed by Kebbi (40.02 percent) and Sokoto (39.65 percent).
The Bureau also stated that Delta, Benue and Katsina recorded the lowest rise in the headline inflation on a year-on-year basis. Delta (27.85 percent), Benue (28.22 percent), and Katsina (29.59 percent).
With regards to food inflation, NBS stated that in October 2024, it was highest in Sokoto (52.18 percent), Edo (46.55 percent), and Borno (45.85 percent). While Kwara (31.68 percent), Kogi (33.30 percent), and Rivers (33.87 percent) recorded the slowest rise.
IVNTVNEWS reports that food and petrol price hikes pushed Nigeria’s inflation to 33.88 percent in October.
Similarly, Nigeria’s food inflation increased to a record high of 39.16 per cent during the period under review.
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