In a recent report released by Nairalytics, an economic data analysis platform, the top 10 states in Nigeria with the highest inflation rates for September 2023 have been identified.
According to the report, the figures reflect the country’s ongoing economic challenges.
The states are:
Kogi – 32.95%: Kogi State holds the highest inflation rate in Nigeria for September 2023, indicating significant economic pressures.
Rivers – 30.63%: Rivers State follows closely with a substantial inflation rate, underscoring the economic concerns in this region.
Lagos – 30.04%: Nigeria’s economic hub, Lagos, reports a high inflation rate, indicating the widespread nature of inflationary pressures.
Bayelsa – 29.98%: Bayelsa State is among the top states affected by inflation, highlighting the nationwide issue.
Ondo – 29.58%: Ondo State reports a notable inflation rate, signifying the economic challenges faced in this region.
Akwa Ibom – 28.87%: Akwa Ibom State grapples with a significant inflation rate, reflecting the broader economic concerns in the country.
Ebonyi – 28.78%: Ebonyi State reports a high inflation rate, contributing to the overall economic landscape in Nigeria.
Oyo – 28.72%: Oyo State’s inflation rate remains considerably high, highlighting economic difficulties within the state.
Abia – 28.54%: Abia State reports a substantial inflation rate, further indicating the challenges faced by various regions in Nigeria.
Delta – 28.02%: Delta State rounds out the top 10 states with high inflation rates, showcasing the country’s widespread nature of inflationary pressures.
High inflation rates can have far-reaching implications for the cost of living, business operations, and overall economic stability.
Policymakers and economists are likely to closely monitor these trends to address the root causes and mitigate their impact on the population.