The National Bureau of Statistics (NBS) has revealed that Kogi state recorded the highesr food price inflation rate in November.
In a consumer price index (CPI) report released by NBS on Tuesday, the food inflation on a year on year basis was highest in Kogi at 24.00 per cent, Sokoto and Zamfara at 20.60 per cent and Ebonyi at 20.20 per cent, while Abia at 16.20 per cent, Bauchi at 15.60 percent and Gombe and Nasarawa at 15.00 per cent recorded the slowest rise.
The report revealed that on a month on month basis, food price inflation was highest in Kogi at 3.37 per cent, Osun at 3.08 per cent and Cross River at 2.93 per cent.
Akwa Ibom had 0.60 per cent rise, Edo had 0.43 per cent, while Nasarawa recorded price deflation or negative inflation. (general decrease in the general price level of food or negative food inflation rate).
According to the report, prices of food items rose the most in Kogi state.
The NBS said CPI measures the average change over time in prices of goods and services consumed by people for day to day living.
It said the construction of the CPI combines economic theory, sampling, and other statistical techniques using data from other surveys to produce a weighted measure of average price changes in the Nigerian economy.
It said the weighted measure was used to capture the importance of the selected commodities in the entire index.
The survey methodology generates 3,774 all item indices for all states and FCT, NBS said in the report.
According to the report, the highest increases were recorded in prices of passenger transport by air, medical services, hospital services, repair of furniture, passenger transport by road, maintenance and repair of personal transport equipment, vehicle spare parts, hairdressing salons and personal grooming establishments, pharmaceutical products, paramedical services, and motor cars.
