Hardship: Kogi Maintains Record of Highest Inflation Rate in Nigeria 

Kogi State has maintained the top ranked position of the highest food prices and worsening hardship amongs the states in Nigeria.

The National Bureau of Statistics (NBS) has released report of Consumer Price Index and Inflation for the month of April, and hardship bites harder in Kogi, Kwara and Ondo states.

The report ranked Kogi with the highest food inflation rate at 48.62 per cent, followed by Kwara (46.73 per cent) and Ondo (45.87 per cent) on a year-on-year basis.

Meanwhile, Adamawa (33.61 per cent), Bauchi (33.85 per cent) and Nasarawa (34.03 per cent), recorded the slowest rise in food inflation.

However, on a Month-to-Month basis, Lagos, Edo, and Yobe are the states in Nigeria with the highest food prices.

Accordingly, Lagos (4.74 per cent), Edo (4.06 per cent), and Yobe (3.99 per cent) recorded the slowest rise in Food inflation.

This development comes as April’s headline and food inflation surged to 33.69 per cent and 40.53 per cent, respectively.

Spread the love
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like