The National Bureau of Statistics (NBS) has identified Ogun State with the most modest year-on-year increase in food inflation. This coincides with the bureau’s designation of Benue, Ekiti, and Kebbi as the states facing the highest year-on-year food inflation rates in Nigeria. According to the NBS’s April Consumer Price Index, Ogun State also exhibited a decrease in food inflation on a month-on-month basis. The report indicates that 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 slowest year-on-year food inflation increases included Ebonyi at 7.19 per cent, Adamawa at 9.52 per cent, and Ogun at 9.91 per cent. When analysing month-on-month trends, Benue, Ekiti, and Yobe emerged as the states with the most significant increases in food inflation. 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 surge in food inflation in Benue may be linked to the recent uptick in violence in the state, which has resulted in numerous fatalities and widespread displacement. Conversely, Ebonyi (-14.43 per cent), Kano (-11.37 per cent), and Ogun (-7.06 per cent) experienced declines in food inflation on a month-on-month basis. ReplyReply allForward
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