Kogi, Lagos, and Rivers lead as most expensive states in Nigeria – NBS report

According to the latest Consumer Price Index released by the National Bureau of Statistics (NBS) for November, Kogi, Lagos, and Rivers have emerged as the most expensive states in Nigeria, experiencing the highest All-Items Inflation rates on a year-on-year basis.

The report reveals that Kogi (33.28%), Lagos (32.30%), and Rivers (32.25%) recorded the highest price increases, while Borno (22.47%), Katsina (24.91%), and Plateau (25.53%) demonstrated the slowest rise in Headline inflation year-on-year.

Breaking down the month-on-month figures for November 2023, Kano (3.55%), Kebbi (3.34%), and Borno (3.24%) recorded the highest increases, while Taraba (0.74%), Anambra (1.00%), and Enugu (1.18%) observed the slowest rise in month-on-month inflation.

When focusing on food inflation for November 2023 on a year-on-year basis, Kogi (41.29%), Kwara (40.72%), and Rivers (40.22%) ranked highest, while Bauchi (26.14%), Borno (27.34%), and Jigawa (27.63%) experienced the slowest rise.

On a month-on-month basis for food inflation in November 2023, Cross River (4.37%), Edo (3.95%), and Rivers (3.91%) registered the highest increases, while Anambra (0.63%), Oyo (0.91%), and Bauchi (1.00%) showed the slowest rise.

It’s noteworthy that Nigeria’s overall inflation for November surged to 28.20%, as reported by our correspondent. The NBS data provides valuable insights into the varying economic landscapes across states, emphasizing the need for targeted measures to address inflationary challenges.