Nigeria’s economic climate is currently facing unprecedented challenges, with soaring costs of living reaching levels never seen before.
The latest data from the National Bureau of Statistics (NBS) paints a grim picture, with the nation’s inflation rate hitting an almost all-time high of 31.7% in February 2024.
This article delves into the specifics, highlighting the top 10 most expensive states in Nigeria for the same period.
1. Akwa Ibom:
- All-Items Inflation Rate: 33.94%
- Food Inflation Rate: 41.44%
2. Ondo:
- All-Items Inflation Rate: 33.96%
- Food Inflation Rate: 41.42%
3. Abia:
- All-Items Inflation Rate: 34.33%
- Food Inflation Rate: 41.04%
4. Ebonyi:
- All-Items Inflation Rate: 34.28%
- Food Inflation Rate: 41.63%
5. Osun:
- All-Items Inflation Rate: 34.39%
- Food Inflation Rate: 41.88%
6. Rivers:
- All-Items Inflation Rate: 35.42%
- Food Inflation Rate: 44.34%
7. Kwara:
- All-Items Inflation Rate: 35.50%
- Food Inflation Rate: 43.05%
8. Bauchi:
- All-Items Inflation Rate: 35.62%
- Food Inflation Rate: 31.46%
9. Oyo:
- All-Items Inflation Rate: 36.60%
- Food Inflation Rate: 40.30%
10. Kogi:
- All-Items Inflation Rate: 37.98%
- Food Inflation Rate: 46.32%
