Food inflation highest in Kwara, Kogi, Rivers in June – NBS
National Bureau of Statistics has said that prices of food items where highest in Kwara, Kogi and Rivers in the Month of June 2022. In its June inflation report the NBS said “in June 2022, food inflation on a year-on-year basis was highest in Kwara (25.62%), Kogi (24.81%), and River (24.34%), while Jigawa (16.01%), Sokoto (16.24%) and Kaduna (17.75%) recorded the slowest rise in year-on-year food inflation. On a month-on-month basis, however, in June 2022 food inflation was highest in Ebonyi (3.52%), Bayelsa (3.27%), and Ondo (3.25%), while Sokoto (0.11%), Taraba (0.94%) and Ad- amawa (1.22%) recorded the slowest rise on month-on-month inflation.
In June 2022, all items inflation on a year-on-year basis was highest in Bauchi (21.99%), Kogi (21.37%), Ebonyi (20.73%) while Adamawa (16.14%), Sokoto (16.31%) and Jigawa (16.37%) recorded the slowest rise in headline Year-on-Year inflation”.
According to NBS “On a month-on-month basis, however, June 2022, recorded the highest increases in Kogi (2.69%), Ondo (2.65%), and Kaduna (2.61%), while Adamawa (-0.26%), Abuja (-.0.03%) and Sokoto (0.79%) recorded the slowest rise on month-on-month inflation. In June 2022, the inflation rate increased to 18.60 per cent on a year-on-year basis.
This is 0.84 per cent points higher compared to the rate recorded in June 2021, which is 17.75 per- cent. This means that the headline inflation rate increased in the month of June 2022 when compared to the same month in the previous year (i.e., June 2021). Increases were recorded in all COICOP divisions that yielded the Headline index. On a month-on-month basis, the Headline inflation rate increased to 1.82 percent in June 2022, this is 0.03 percent higher than the rate recorded in May 2022 (1.78 percent)
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