NBS Names Nigeria’s Three Most Expensive States

Kogi, Bauchi, and Oyo are Nigeria’s three most expensive states on a year-on-year basis, having recorded the highest rates in All Items Inflation.

However, on a month-on-month basis, Lagos, Ondo, and Edo are the most expensive states in Nigeria.

This is according to the National Bureau of Statistics’ latest April consumer price index and inflation report.

The report shows Kogi state at 40.84 per cent for all items in inflation, Bauchi at 39.91 per cent, and Oyo at 38.37 per cent.

Conversely, Borno (26.09 per cent), Benue (27.53 per cent), and Taraba (28.69 per cent) recorded the slowest rise in Headline inflation on a year-on-year basis.

Meanwhile, on a month-on-month basis for April 2024, Lagos recorded the highest increase at 4.52 per cent, followed by Ondo at 3.35 per cent, and Edo at 3.27 per cent. In contrast, Kano (0.30 per cent), Ebonyi (0.97 per cent), and Adamawa (1.25 per cent) recorded the slowest rise in month-on-month inflation.

NIGERIA NEWS 24/7 reports that headline and food inflation in April soared to 33.69 per cent and 40.53 per cent, respectively.