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NBS: Lagos, Ondo, Kogi, others top June inflation figures

Lagos, Ondo and Kogi states were on top of the inflation rates report for June 2023.

State Inflation Chart June 2023
State Inflation Chart June 2023

Lagos, Ondo and Kogi states were on top of the inflation rates report for June 2023.

The National Bureau of Statistics (NBS) on Monday said Nigeria’s headline inflation rate accelerated for the sixth consecutive time to 22.79 per cent last month.

According to the data, the highest inflation rates were recorded in Nigeria’s economic commercial capital, Lagos state and followed by Ondo and Kogi states. 

NBS stated that “In June 2023, all items inflation rate on a year-on-year basis was highest in Lagos (25.75%), Ondo (25.40%), Kogi (25.23%).

“While Borno (20.44%), Zamfara (20.93%) and Ekiti (21.06%) recorded the slowest rise in headline inflation on a year-on-year basis. 

State Inflation Chart June 2023

“On a month-on-month basis, however, June 2023 recorded the highest increases in Ogun (3.21%), Plateau (3.05%), Jigawa (3.00%), while Zamfara (1.40%), Delta (1.42%) and Rivers (1.54%) recorded the slowest rise on month-on-month inflation”.

Kwara and Lagos states recorded the highest food inflation with 30.80 per cent and 30.37 per cent as well as  Kogi with 29.71 per cent on a year-on-year basis in June.

The lowest food inflation was recorded in Zamfara (21.38%), Sokoto (21.60%) and Borno (21.75%) recorded the slowest rise in food inflation.

On a month-on-month basis in June, “food inflation was highest in Kwara (3.82%), Abuja (3.64%), and Ogun (3.56%), while Rivers (0.75%), Zamfara (1.33%) and Adamawa (1.47%) recorded the slowest rise in food inflation on a month-on-month basis”, the report indicated.

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