Kebbi, Nasarawa and Bauchi states recorded the highest rise in inflation in January 2018 compared to last year, as compiled from the National Bureau of Statistics (NBS) report released Wednesday, February 14 2018.
The Consumer Price Index (CPI) measures the average change over time in prices of goods and services consumed by people for day-to-day living, in other words, it measures the inflation rate
The highest level of inflation rate in Nigeria was recorded in Kebbi state with 18.55 percent followed by Nasarawa state with 18.49 percent and Bauchi state with 18.01 percent, completing the top three among the Thirty-Six states across the federation including FCT.
Meanwhile, the slowest rise in headline Year on Year inflation was recorded in Delta, Kogi and Anambra states.
The all items inflation on a year on year basis was lowest in Delta state with 12.77 percent followed by Kogi State with 13.28 percent and Anambra state was at the bottom of the category with 13.34 percent.
While on a month on month basis, all items inflation was highest in Kogi with 2.72 percent, Bayelsa 2.39 percent and Sokoto 1.68 percent, although Kebbi, Bauchi and Cross River recorded price deflation on a month on month all item basis in the period under review.
Food inflation on a year on year basis, in the same period under review, was highest in Kwara with 24.46 percent, Nasarawa 22.77 percent and Bayelsa 22.60 percent, while the slowest rise in food inflation was recorded in Bauchi with 13.34 percent, Anambra 14.63 percent and Benue 14.78 percent.
On a month on month basis however, January 2018 food inflation was highest in Bayela with 3.47 percent, Kogi 3.38 percent and Nasarawa 2.26 percent, leaving Cross River, Kebbi, Yobe, Anambra and Delta to record food price deflation or negative inflation (general decrease in the general price level of goods and services or a negative inflation rate) in January 2018.