Nigeria: Food Prices Highest in Rivers, Niger, Gombe in March


While Zamfara at 0.51 per cent recorded the slowest rise in month on month food inflation, Yobe and Kebbi recorded price deflation.

Prices of food items rose the most in Rivers, Niger and Gombe in March, the consumer price index (CPI) report released on Thursday by the <a target=”_blank” href=”https://www.premiumtimesng.com/business/business-news/451137-zamfara-bauchi-ekiti-residents-paid-highest-transport-fares-in-february-nbs.html”>National Bureau of Statistics (NBS)</a> has shown.

The report revealed that on a month on month basis, food price inflation was highest in Rivers at 3.52 per cent, Niger at 2.92 per cent and Gombe at 2.85 per cent.

While Zamfara at 0.51 per cent recorded the slowest rise in month on month food inflation, Yobe and Kebbi recorded price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate).

The report said the food inflation on a year on year basis was highest in Kogi at 29.71 per cent, Sokoto at 27.02 per cent and Ebonyi at 26.59 per cent, while Abuja at 20.10 per cent, Kebbi at 19.98 per cent and Bauchi at 18.61 per cent recorded the slowest rise in year on year inflation.

According to the report, the headline index increased by 1.56 per cent in March.

“This is 0.02 percentage points higher than the rate recorded in February at 1.54 per cent,” the report said.

“The percentage change in the average composite CPI for the twelve months ending March 2021, over the average of the CPI for the previous twelve months period, was 14.55 per cent, representing a 0.50 per cent point increase over 14.05 per cent recorded in February 2021.”

It said the rise in the food index was caused by an increase in prices of bread and cereals, potatoes, yam and other tubers, meat, vegetables, fish, oils and fats and fruits.