Akwa Ibom, Ebonyi, and Kogi states recorded the highest inflation rates for the month of July. According to the National Bureau of Statistics (NBS), “All Items Inflation for the States in July 2022 on a year-on-year basis was highest in Akwa Ibom with 22.88 per cent, followed by Ebonyi with 22.51 per cent, and Kogi with 22.08 per cent, while the slowest rise was recorded in Jigawa with 16.62 per cent, followed by Kaduna with 17.04 per cent and Borno with 18.04 per cent.”
On a month-on-month basis, July 2022 recorded the highest increase in Adamawa with 2.87 per cent, followed by Abuja with 2.84 per cent, and Oyo with 2.77 per cent, while Bauchi recorded the slowest rise in month-on-month inflation with 0.82 per cent, followed by Kano with 0.83 per cent and Niger with 1.03 per cent.
The NBS further stated that Food Sub-index Inflation for the States in July 2022 on a year-on-year basis was highest in Kwara with 29.28 per cent, followed by Akwa Ibom with 27.22 per cent, and Kogi with 26.08 per cent, while Kaduna recorded the slowest rise on year-on-year food inflation with 17.16 per cent, followed by Jigawa with 17.46 per cent and Anambra with 19.25 per cent.
On a month-on-month basis, the food inflation sub-index was highest in Kwara with 3.90 per cent, followed by Delta with 3.61 per cent, and Benue with 2.94 per cent, while Taraba, Gombe, and Niger recorded the slowest rise on month-on-month inflation with 0.14 per cent, 0.94 per cent, and 1.13 per cent.