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NBS Report: Kogi, Rivers, and Kwara Lead in Food Inflation Rates in Nigeria

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: March 15, 2024
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The latest report from the National Bureau of Statistics (NBS) has highlighted Kogi, Rivers, and Kwara states as the top-ranking regions with the highest food inflation rates in Nigeria.

According to the NBS Consumer Price Index and Inflation report published on Friday, Kogi recorded a staggering 46.32 percent food inflation rate, followed closely by Rivers at 44.34 percent, and Kwara at 43.05 percent on a year-on-year basis.

Conversely, Bauchi (31.46 percent), Plateau (32.56 percent), and Taraba (33.23 percent) registered the slowest rise in food inflation, offering some relief compared to the national average.

In a separate analysis, Kogi, Oyo, and Bauchi emerged as the states with the highest all-items inflation rates annually in Nigeria. Kogi led with 37.98 percent, followed by Oyo at 36.60 percent, and Bauchi at 35.62 percent of headline inflation, year-on-year.

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On the flip side, Borno (26.28 percent), Taraba (26.72 percent), and Benue (27.40 percent) recorded the slowest rise in headline inflation rates on a year-on-year basis.

Earlier, Okay.ng reported Nigeria’s headline inflation surged to 31.70 percent, with food inflation reaching a peak of 37.92 percent.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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