Top 5: Nassarawa, Delta, Ebonyi, Sokoto and Niger have the highest Food Inflation Rate – NBS

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The National Bureau of Statistics reported earlier in the week that the inflation rate for May was 16.25%. This is the lowest inflation rate since May 2015 signifying to some, that prices of goods and service might be moderating. While some might not agree, the data also throws up some interesting data about states.

Lowest inflation rate

According to the NBS data the state with the lowest inflation rate in Nigeria is Kogi State, with inflation rate as low as 5.3%. Interestingly, Benue State which is just right beside it, has an inflation rate of 13.9%. Bayelsa State was the next least state with about 11.7% inflation rate, while Imo, Abia and Lagos State are next with 13.3%, 13.7% and 13.8% respectively.

Displaying chart (5).jpeg

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Highest Inflation rate

The data reveals Bauchi State has the highest inflation rate with a whopping 21.9% for the month of May 2017. The state was however 26th in Food Inflation at 17.42% which suggest it’s problem is not the cost of food but other items such as transportation, health, communication and other issues that you can find in core inflation.

Sokoto, Ebonyi, Nasarawa and Plateau state make up the next on the least as depicted in the chart above.

In terms of food inflation, Nasarawa State came tops as the state with the highest food inflation rate (25.19%). Interestingly war ravaged Borno State has an inflation rate of 16.20% and food inflation rate of 17.16%.

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See table below;

States Inflation Rate

State Inflation rate (%)
Abia 13.7
Abuja 15.8
Adamawa 15.3
Akwa Ibom 15.1
Anambra 17.4
Bauchi 21.9
Bayelsa 11.7
Benue 13.9
Borno 16.2
Cross River 16.6
Delta 16.8
Ebonyi 20.3
Edo 14.7
Ekiti 17.5
Enugu 15.1
Gombe 15.5
Imo 13.3
Jigawa 15.1
Kaduna 14.7
Kano 18
Katsina 15.7
Kebbi 17.6
Kogi 5.3
Kwara 15.3
Lagos 13.8
Nassarawa 19.8
Niger 17.5
Ogun 17.2
Ondo 16.5
Osun 17.3
Oyo 14.8
Plateau 18.6
Rivers 16.7
Sokoto 20.5
Taraba 16.6
Yobe 15
Zamfara 17.5

 

Food Inflation Rate

States Food Inflation

State Inflation Rate (%)
Abia 15.95
Abuja 19.73
Adamawa 18.94
Akwa Ibom 16.68
Anambra 20.37
Bauchi 17.42
Bayelsa 13.52
Benue 16.33
Borno 17.16
Cross River 21.26
Delta 23.9
Ebonyi 23.79
Edo 22.23
Ekiti 22.6
Enugu 18.84
Gombe 17.56
Imo 17.08
Jigawa 17.65
Kaduna 16.93
Kano 21.78
Katsina 17.65
Kebbi 20.49
Kogi 5.48
Kwara 22.24
Lagos 16.81
Nassarawa 25.19
Niger 23.61
Ogun 19.71
Ondo 18.83
Osun 23.01
Oyo 14.96
Plateau 21.51
Rivers 17.45
Sokoto 23.73
Taraba 20.69
Yobe 16.34
Zamfara 19.66
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(Nairametrics)

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Top 5: Nassarawa, Delta, Ebonyi, Sokoto and Niger have the highest Food Inflation Rate - NBS - Brand SpurTop 5: Nassarawa, Delta, Ebonyi, Sokoto and Niger have the highest Food Inflation Rate - NBS - Brand Spur

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1 COMMENT

  1. […] The National Bureau of Statistics reported earlier in the week that the inflation rate for May was 16.25%. This is the lowest inflation rate since May 2015 signifying to some, that prices of goods and service might be moderating. While some might not agree, the data also throws up some interesting data about states.Lowest inflation rateAccording to the NBS data the state with the lowest inflation rate in Nigeria is Kogi State, with inflation rate as low as 5.3%. Interestingly, Benue State which is just right beside it, has an inflation rate of 13.9%. Bayelsa State was the next least state with about 11.7% inflation rate, while Imo, Abia and Lagos State are next with 13.3%, 13.7% and 13.8% respectively.Highest Inflation rateThe data reveals Bauchi State has the highest inflation rate with a whopping 21.9% for the month of May 2017. The state was however 26th in Food Inflation at 17.42% which suggest it’s problem is not the cost of food but other items such as transportation, health, communication and other issues that you can find in core inflation.Sokoto, Ebonyi, Nasarawa and Plateau state make up the next on the least as depicted in the chart above.In terms of food inflation, Nasarawa State came tops as the state with the highest food inflation rate (25.19%). Interestingly war ravaged Borno State has an inflation rate of 16.20% and food inflation rate of 17.16%.Source: https://brandspurng.com/top-5-nassarawa-delta-ebonyi-sokoto-and-niger-have-the-highest-food-inflatio… […]

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Top 5: Nassarawa, Delta, Ebonyi, Sokoto and Niger have the highest Food Inflation Rate - NBS - Brand SpurTop 5: Nassarawa, Delta, Ebonyi, Sokoto and Niger have the highest Food Inflation Rate - NBS - Brand Spur

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- Advertisement -Top 5: Nassarawa, Delta, Ebonyi, Sokoto and Niger have the highest Food Inflation Rate - NBS - Brand SpurTop 5: Nassarawa, Delta, Ebonyi, Sokoto and Niger have the highest Food Inflation Rate - NBS - Brand Spur