Prices of food items rose highest in Kwara, Edo and Sokoto states in October, the consumer price index (CPI) report released on Monday by the National Bureau of Statistics (NBS) has shown.
The report revealed that on a month on month basis, food price inflation was highest in Kwara at 3.88 per cent, Edo at 3.81 per cent and Sokoto at 3.65 per cent.
While Oyo at 0.57 per cent, Jigawa at 0.54 per cent and Taraba at 0.29 per cent recorded the lowest rise in month on month inflation.
The report said the food inflation on a year on year basis was highest in Edo at 21.65 per cent, Zamfara at 20.88 per cent and Kogi at 20.58 per cent, while Lagos at 14.57 per cent, Ogun at 14.47 per cent and Ondo at 14.23 per cent, recorded the lowest rise.
According to the report, the headline index increased by 1.54 per cent in October.
“This is 0.06 per cent rate higher than the rate recorded in September at 1.48 per cent.
“The percentage change in the average composite CPI for the twelve months period ending October over the average of the CPI for the previous twelve months period was 12.66 per cent, showing a 0.22 per cent point rise from 12.44 per cent recorded in September.”
It said the rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam and other tubers, meat, fish, fruits, vegetables, alcoholic and food beverages and oils and fats.
The NBS said the composite food index rose by 17.38 per cent in October compared to 16.66 per cent in September.
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