States With The Highest And Lowest Food Price Inflation Rates In March 2024

States With The Highest And Lowest Food Price Inflation Rates In March 2024

The National Bureau of Statistics (NBS) has released the latest data revealing the states in Nigeria with the highest and lowest food inflation rates for March 2024……READ ALSO Top 10 States With The Highest Number Of Registered Voters As Of January 2022

States with the Highest Food Inflation Rates:

1. Abia (5.17%)
2. Cross River (5.14%)
3. Bayelsa (4.75%)

States with the Lowest Food Inflation Rates:

1. Borno (1.59%)
2. Yobe (2.08%)
3. Adamawa (2.12%)

Meanwhile, the overall inflation rate for Nigeria has surged to 33.2% in March 2024, marking a 1.5% increase from the 32.7% recorded in February 2024. On a year-on-year basis, the headline inflation rate was 11.16% points higher compared to March 2023. Additionally, the month-on-month inflation rate for March 2024 was 3.02%, slightly lower than the 3.12% recorded in February 2024. This indicates a slower rate of increase in the average price level in March compared to the preceding month.

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