In August 2024, Adamawa, Kebbi, and Borno states reported the highest food inflation rates month-on-month, according to the National Bureau of Statistics (NBS). Adamawa topped the list with a 5.46% increase, followed by Kebbi at 4.48% and Borno at 3.88%. In contrast, Ogun, Akwa Ibom, and Sokoto states experienced the lowest food inflation rates, with increases of 0.08%, 0.45%, and 1.00% respectively.
On a year-on-year basis, Sokoto state recorded the highest food inflation rate for August 2024 at 46.98%. This was closely followed by Gombe at 43.25% and Yobe at 43.21%. States such as Benue, Rivers, and Bayelsa saw slower rises in food inflation, with rates of 32.33%, 33.01%, and 33.36% respectively.
The NBS also highlighted that, for all-items inflation, Bauchi, Kebbi, and Jigawa had the highest year-on-year inflation rates at 46.46%, 37.51%, and 37.43%. Conversely, Benue, Delta, and Imo reported the lowest year-on-year increases, with rates of 25.13%, 26.86%, and 28.05%.
For month-on-month inflation, the highest increases were observed in Kwara at 4.45%, Bauchi at 4.22%, and Adamawa at 3.99%. Ogun, Abuja, and Kogi recorded the slowest month-on-month rises, with increases of 0.21%, 0.92%, and 1.14% respectively.
The NBS emphasized that when analyzing these price movements, it is important to consider that the Consumer Price Index (CPI) is influenced by varying consumption patterns across states. Consequently, comparing inflation rates between states may be misleading due to differences in how expenses are weighted.
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