According to the National Bureau of Statistics, the most costly states in Nigeria are Kogi, Lagos, and Rivers.
According to the NBS’s November Consumer Price Index, the All-Items Inflation rate is the highest in the three states.
As a result, the survey revealed that Kogi (33.28%), Lagos (32.30%), and Rivers (32.25%) states reported the prices on a year-on-year basis.
Meanwhile, Borno (22.47%), Katsina (24.91%), and Plateau (25.53%) experienced the least year-on-year increase in headline inflation.
On a month-to-month basis, however, November 2023 saw the biggest increases in Kano (3.55%), Kebbi (3.34%), and Borno (3.24%), while Taraba (0.74%), Anambra (1.00%), and Enugu (1.18%) saw the weakest gain in Month-on-Month inflation.
Narrowing the analysis to food inflation in November 2023, Kogi was the highest (41.29%), followed by Kwara (40.72%) and Rivers (40.22%), while Bauchi (26.14%), Borno (27.34%), and Jigawa (27.63%) recorded the slowest rise in food inflation on a Year-on-Year basis.
On a monthly basis, however, food inflation was highest in Cross River (4.37%), Edo (3.95%), and Rivers (3.91%) in November 2023, while Anambra (0.63%), Oyo (0.91%), and Bauchi (1.00%) recorded the slowest rise in inflation.
According to Platinum Times, Nigeria’s inflation rate increased to 28.20 percent in November.