Food prices highest in Ebonyi, Bayelsa, Edo in May — NBS
Prices of food items rose highest in Ebonyi, Bayelsa and Edo States in Nigeria in May, the consumer price index report released on Wednesday by theThe report revealed that on a month on month basis, food price inflation was highest in Ebonyi at 3.43 per cent, Bayelsa at 3.21 per cent and Edo at 2.74 per cent in the month.The report said in May, food inflation on a year on year basis was highest in Abuja at 18.13 per cent, Osun at 17.40 per cent and Imo at 17.13 per cent.
The NBS said food sub-index in May rose by 15.04 per cent from a year earlier, compared to 15.03 per cent in April. On month on month basis, it increased by 1.42 per cent in May up to 0.24 per cent points from 1.18 per cent recorded in April.The report said In May, all items inflation on year on year basis was highest in Rivers at 14.69 per cent, Bauchi 14.91 per cent and Ebonyi, Kogi and Plateau at 13.87 per cent, while Benue 11.13 per cent, Adamawa 11.10 per cent and Kwara 10.
“On month on month basis, the core sub-index increased by 0.88 per cent in May, as this was down by 0.05 per cent when compared with 0.93 per cent recorded in April 2020.” It said, the average 12-month annual rate of change of the index was 9.27 per cent for the 12 months period ending May, this is 0.1 per cent points higher than the 9.17 per cent recorded in April.said CPI measures the average change over time in prices of goods and services consumed by people for day to day living.
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