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Edo Suffers Most In Food Inflation – NBS

Edo, Zamfara and Kogi States have recorded the highest food inflation on a Year-on-Year (YoY) basis last October. This report was included in the Consumer Price Index Report for October 2020. Edo State recorded 21.65 per cent, Zamfara was 20.88 per cent and Kogi State was 20.58 per cent.

Ondo State had the slowest rise in food inflation YoY with 14.23 per cent followed by Ogun State with 14.47 per cent and Lagos State with 14.57 per cent.

Kwara State had the highest food inflation rate for a Month-on-Month (MoM) basis at 3.88 per cent, followed by Edo State at 3.81 per cent and Sokoto State at 3.65 per cent.

Zamfara State has been reported to have the highest YoY inflation rate on all items by the National Bureau of Statistics. In Zamfara State was recorded 17.69 per cent inflation rate followed by Sokoto State at 16.99 per cent and Ebonyi State by 16.91 per cent.

The states with the slowest rise in headline inflation were Lagos State with 11.96 per cent, Abuja FCT with 11.84 per cent and Cross River State with 10.5 per cent.

For MoM overall inflation rates, Sokoto State was the highest with 2.91 per cent followed by Edo State with 2.53 per cent and Akwa Ibom with 2.52 per cent.

In all, it would seem the states most affected by inflation both on YoY and MoM basis are Edo, Sokoto and Zamfara.

Consumer Price Index (CPI) which measures inflation rose by 14.23 per cent YoY in October 2020 which is 0.52 per cent points higher than the September 2020 record of 13.71 per cent.

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