The average prices of goods rose the highest year-on-year in Ondo, Kogi, and Rivers states, according to the National Bureau of Statistics.
This is as inflation in the country rose to 22.41 per cent in May, the NBS disclosed. In the ‘Consumer Price Index’ for May 2023, inflation for the three states was higher than the national average.
Taraba , Sokoto , and Plateau recorded the slowest rise in headline inflation on year-on-year, with the three states’ inflation rates lower than the national average. Lagos, the country’s commercial center, had an inflation rate of 24.33 per cent in May. This was a 0.19 percentage point increase from the 22.22 per cent it was in April, when inflation rose to a new 18-year record high. According to the statistics body, year-on-year inflation rose by 4.70 per cent from the 17.71 per cent it was in May 2022.
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