NBS Ranks Ogun as State With Lowest Rise in Food Prices Amid Soaring Inflation
NBS Ranks Ogun as State With Lowest Rise in Food Prices Amid Soaring Inflation
The National Bureau of Statistics (NBS) has named Ogun State as recording the lowest year-on-year increase in food inflation across Nigeria, even as other states continue to face rising food costs.
This was revealed in the bureau’s April Consumer Price Index, which also showed that Ogun experienced a decline in food inflation on a month-on-month basis.
On the other end of the spectrum, Benue, Ekiti, and Kebbi States were reported to have the highest year-on-year food inflation rates.
According to the NBS report:
“Benue recorded the steepest year-on-year food inflation rise at 51.76 per cent, followed by Ekiti at 34.05 per cent and Kebbi at 33.82 per cent.”
In contrast, the states with the most modest increases in food prices over the past year included Ebonyi (7.19 per cent), Adamawa (9.52 per cent) and Ogun (9.91 per cent).
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On a month-to-month basis, Benue, Ekiti, and Yobe showed the largest increases in food inflation for April. The NBS stated:
“For April, the month-on-month food inflation rates were recorded as 25.59 per cent for Benue, 16.73 per cent for Ekiti and 13.92 per cent for Yobe.”
The sharp rise in Benue’s food inflation may be linked to recent violence in the state, which has led to multiple deaths and widespread displacement, impacting agricultural activities and food supply chains.
