The latest Consumer Price Index data released by the Nigeria Bureau of Statistics revealed that Kogi, Lagos, and Rivers are the most expensive states to live in, based on inflation rates for August 2023.
On a year-on-year basis, Kogi led the way with the highest all-items inflation rate at 31.50 per cent, followed closely by Lagos at 29.17 per cent and Rivers at 29.06 per cent.
In contrast, Sokoto recorded 20.91 per cent, Borno 21.77 per cent, and Nasarawa 22.25 per cent recorded the slowest rise in headline inflation on a year-on-year basis.
Specifically for food inflation, the figures for August 2023 showed a similar pattern, with Kogi again taking the lead with the highest year-on-year basis food inflation rate at 38.84 per cent. Lagos followed closely at 36.04 per cent, and Kwara at 35.33 per cent.
