The Nigeria Bureau of Statistics, NBS, has named Bauchi, Kogi, and Oyo States as the most expensive states in the country.
The report on a year-on-year basis after recording the highest All-Items Inflation in May 2024.
However, according to NBS, on a month-on-month basis, Kano, Gombe, and Bauchi are the most expensive States in Nigeria.
This revelation was contained in the NBS latest May Consumer Price Index and Inflation report released on Saturday.
According to the report, in May 2024, the All-Items inflation rate on a Year-on-Year basis was highest in Bauchi 42.30 percent. And Kogi (39.38 percent Oyo (37.73 percent).
On the flip side, 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.
It maintained that on Month-on-Month basis, May 2024 recorded the highest increases. With Kano
(4.24 percent), Gombe (4.06 percent) and Bauchi (3.75 percent). While Ondo (0.57 percent), Kwara (1.19 percent) and Yobe(1.24 percent) recorded the slowest rise in Month-on-Month inflation.
The report held that in terms of food inflation, Kogi, Ekiti, and Kwara States recorded the highest. This is on a Year-on-Year basis.
The NBS stated that food inflation stood at Kogi 46.32 percent, Ekiti (44.94 percent), Kwara (44.66 percent).
It maintained that 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, on a Month-on-Month basis, in the period under review, NBS stated that Food inflation was highest in some States. These are Gombe State (4.88 percent), Kano State (4.68 percent), and Bayelsa State (3.62 percent). While Ondo (0.02 percent), Yobe (0.95 percent) and Adamawa (1.02 percent) recorded the slowest rise.
source: Daily Post
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