See more as NBS reveals 10 states with highest cost of food prices in Nigeria

• The NBS has revealed that nutrient ostentation successful February 2025 reduced aft months of consecutive increase
• The caller NBS study revealed a database of states successful Nigeria wherever residents are experiencing the fastest summation successful nutrient prices
• Nigerians are experiencing the worst nutrient ostentation successful a decade, NBS rebasing the figures has shown a antithetic picture

Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The National Bureau of Statistics (NBS) has revealed that the nutrient ostentation complaint successful February 2025 was 23.51% connected a year-on-year basis.

February's nutrient ostentation complaint was 14.41% little compared to the complaint recorded successful February 2024 (37.92%).

Nigerians wage much to bargain nutrient again Photo credit: Bloomberg/contributor
Source: Getty Images

The important diminution successful the nutrient ostentation fig is technically owed to the alteration successful the basal year.

However, connected a month-on-month basis, the Food ostentation complaint successful February 2025 was 1.67%.

NBS disclosed this successful its user terms study for February 2025 published connected its website.

Breakdown of nutrient terms changes

The study stated that the driblet successful nutrient ostentation connected a year-on-year ground declined successful the mean prices of nutrient items similar Yam tuber and potatoes.

Others are Soya beans, Flour of maize/cornmeal, Cassava, Bambara beans (Dried), etc

Furthermore, NBS stated:

"The mean yearly complaint of Food ostentation for the 12 months ending February 2025 implicit the erstwhile twelve-month mean was higher compared with the mean yearly complaint of alteration recorded successful February 2024."In February 2025, Food ostentation connected a Year-on-Year ground was highest successful Sokoto and Nasarawa, portion Adamawa, Ondo, and Oyo recorded the slowest emergence successful nutrient inflation."On a Month-on-Month basis, however, February 2025 Food ostentation was highest successful Sokoto, Nasarawa, and Kogi, portion Ondo, Kaduna, and Oyo recorded a diminution successful Food inflation."

10 states with highest nutrient prices

Here is simply a breakdown of states with the highest nutrient ostentation complaint and wide outgo of surviving for residents.

Sokoto – 38.3%

Sokoto recorded the highest nutrient ostentation complaint successful Nigeria astatine 38.3%, reflecting the rising outgo of indispensable nutrient items successful the state. The authorities besides has an wide ostentation complaint of 30.2%.

Edo – 35.1%

Edo State follows intimately with a nutrient ostentation complaint of 35.1%. The rising outgo of staple foods has enactment unit connected households. The state's all-item ostentation complaint stands astatine 33.6%, the highest successful Nigeria.

Nassarawa – 33.5%

Nassarawa recorded a nutrient ostentation complaint of 33.5%, ranking 3rd among states with the highest nutrient terms increases. The state's wide ostentation complaint is 25.3%,.

Abia – 31.9%

Food ostentation successful Abia reached 31.9%, making it 1 of the astir affected states successful presumption of rising nutrient costs. The state's all-item ostentation complaint stands astatine 29.2%.

Enugu – 31.6%

With a nutrient ostentation complaint of 31.6%, Enugu State is experiencing increases successful nutrient prices. Its all-item ostentation complaint of 30.7% places it among the apical states with precocious wide inflation.

Imo – 29.0%

Imo State’s nutrient ostentation complaint stands astatine 29.0%, indicating a continuous emergence successful nutrient costs. The authorities besides has 1 of the highest wide ostentation rates successful Nigeria, astatine 30.1%.

Gombe – 28.5%

Gombe recorded a nutrient ostentation complaint of 28.5%, reflecting expanding costs of basal foodstuffs. The state's wide ostentation complaint is 26.5%.

Zamfara – 28.2%

Zamfara State’s nutrient ostentation complaint stands astatine 28.2%, driven by insecurity affecting nutrient accumulation and supply. The state's wide ostentation complaint is 29.3%.

Ebonyi – 28.1%

Ebonyi recorded a nutrient ostentation complaint of 28.1%, with nutrient terms hikes impacting household expenses. The state’s wide ostentation complaint stands astatine 25.1%.

Kwara – 27.2%

Kwara State’s nutrient ostentation complaint of 27.2% reflects the expanding outgo of indispensable nutrient items. The state's wide ostentation complaint stands astatine 23.3%.

Commercio Partners astir nails ostentation forecast

Legit.ng antecedently reported that Lagos-based concern steadfast Commercio Partners recorded an astir accurate ostentation forecast successful January 2025.

Before the NBS' announcement, Commercio Partners had projected that, pursuing the CPI rebasing, Nigeria's ostentation complaint would scope betwixt 15% and 20% successful their base-case script for 2025, with a midpoint estimation of 17.5%.

This prediction was successful stark opposition to different firms' forecasts, which estimated ostentation rates betwixt 28% and 33%.

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Source: Legit.ng