NBS reports Bauchi, Kogi, 2 other states with highest inflation rate in Nigeria

All items inflation rate on a Year-on-Year (YoY) basis was highest in Bauchi at 21.99per cent, Kogi at 21.37per cent and Ebonyi at 20.73 per cent in June 2022, according to National Breana of Statistic (NBS).

The bureau in its report on Friday stated that Adamawa State with 16.14 per cent, Sokoto at 16.31 per cent and Jigawa at 16.37per cent recorded the slowest rise in headline YoY inflation.

According to the Consumer Price Index report by NBS, on a month-on-month basis, Kogi State with 2.69 per cent, Ondo at 2.65 per cent and Kaduna at 2.61 per cent recorded the highest increases in inflation rate.

The CPI report added: “Adamawa (-0.26 per cent), Abuja (-.0.03per cent) and Sokoto (0.79per cent) recorded the slowest rise on month-on-month inflation.

“In June 2022, food inflation on a year-on-year basis was highest in Kwara (25.62 per cent), Kogi (24.81 per cent), and River (24.34 per cent), while Jigawa (16.01 per cent), Sokoto (16.24 per cent) and Kaduna (17.75 per cent) recorded the slowest rise in year-on-year food inflation.

“On a month-on-month basis, however, in June 2022, food inflation was highest in Ebonyi (3.52 per cent), Bayelsa (3.27 per cent), and Ondo (3.25 per cent), while Sokoto (0.11per cent), Taraba (0.94 per cent) and Adamawa (1.22 per cent) recorded the slowest rise on month-on-month inflation.”

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