Adamawa, Kebbi, Borno Rank Highest On Nigeria’s Food Inflation In August
However, on a Year-on-Year basis, Sokoto state in August 2024 recorded highest food inflation rate with 46.98% record, followed by Gombe state with 43.25% record, and Yobe state with 43.21% record while Benue state with 32.33%, Rivers state with 33.01% and Bayelsa state with 33.36%, recorded the slowest rise in food inflation.
Adamawa, Kebbi and Borno states have been ranked highest on food inflation in a month-on-month in August 2024, while Sokoto, Gombe and Yobe states ranked highest on a year-on-year basis.
The National Bureau of Statistics (NBS) which made the revelation in its report on Monday stated that on a Month-on-Month basis in August 2024, food inflation was highest in Adamawa State with 5.46% record, followed by Kebbi state with 4.48% record, and Borno state with 3.88% record, while Ogun state with 0.08%, Akwa Ibom state with 0.45% and Sokoto state with 1.00% recorded the slowest rise in food inflation.
However, on a Year-on-Year basis, Sokoto state in August 2024 recorded highest food inflation rate with 46.98% record, followed by Gombe state with 43.25% record, and Yobe state with 43.21% record while Benue state with 32.33%, Rivers state with 33.01% and Bayelsa state with 33.36%, recorded the slowest rise in food inflation.
Meanwhile, the NBS stated that in August 2024, “all items inflation rate on a Year-on-Year basis was highest in Bauchi (46.46%), Kebbi (37.51%) and Jigawa (37.43%), while Benue (25.13%), Delta (26.86%) and Imo (28.05%) recorded the slowest rise in headline inflation on Year-on-Year basis.
“On a Month-on-Month basis, however, August 2024 recorded the highest increases in Kwara (4.45%), Bauchi (4.22%), Adamawa (3.99%), while Ogun (0.21%), Abuja (0.92%) and Kogi (1.14%) recorded the slowest rise on Month-on-Month inflation.”
The Bureau however noted that in analysing price movements within the period under review, “It should be noted that CPI (Consumers Price Index) is weighted by consumption expenditure patterns which differ across states and locations.
“Accordingly, the weight assigned to a particular food or non-food item may differ from state to state, making interstate comparisons of consumption basket inadvisable and potentially misleading.”
