Edo, Kogi, Cross River record highest food prices amidst inflation surge in Nigeria

According to the latest inflation report released on Monday by the National Bureau of Statistics (NBS), Edo, Kogi, and Cross River emerged as the states with the highest food prices in Nigeria in June 2024.

This comes as News360 Nigeria reports that Nigeria’s food inflation rose for the 18th time to 40.87 per cent in June 2024.

On state-on-state analysis, food inflation on a Year-on-Year basis was highest in Edo (47.34 per cent), Kogi (46.37 per cent), and Cross River (45.28 per cent).

Meanwhile, Nasarawa (34.31 per cent), Bauchi (34.78 per cent) and Adamawa (35.96 per cent), recorded the slowest rise in food inflation on a Year-on-Year basis.

On a Month-on-Month basis, however, June 2024 Food inflation was highest in Yobe (4.75 per cent), Adamawa (4.74 per cent) and Taraba (4.12 per cent).

In contrast, Nasarawa (0.14 per cent), Kano (0.96 per cent) and Lagos (1.25 per cent) recorded the slowest rise in food inflation on a Month-on-Month basis.