EconomyNewsNigeriaKano leads in states with highest Inflation rate as inflation soars to 28.2%

Nigeria’s inflation rate jumped in November to 28.2 per cent, the National Bureau of Statistics, NBS, said last Friday. The latest rate is a 0.61 per cent rise from October’s 27.33 per cent.

The consumer price index, a main gauge of inflation, soared about 6.73 per cent points, compared to the 21.47 per cent recorded in November 2022, NBS said.

Rises in the price of goods caused by President Bola Tinubu’s economic reforms, including scrapping the fuel subsidy pushed food inflation to 2.42 per cent from the 1.91 per cent recorded in October.

On a year-on-year basis, the food inflation rate is 32.84 per cent, 8.72 per cent higher compared to the 24.13 per cent recorded in November 2022.

The soaring inflation rate on a year-on-year basis and month-on-month basis was attributable to “increases in items in the basket of goods and services at the divisional level,” the NBS said, noting that increases were observed in food and non-alcoholic beverages, housing, water, electricity, gas, and other fuels, clothing and footwear, and transport.

There were also increases in furnishing, household equipment and maintenance, education, health, miscellaneous goods and services, restaurants and hotels, alcoholic beverages, tobacco and kola, recreation and culture, and communication, it said.

The inflation was highest in Kano (3.55 per cent), followed by Kebbi (3.34 per cent) and Borno at (3.24 per cent); and lowest in Taraba (0.74 per cent), Anambra at (1.00 per cent), and Enugu (1.18 per cent).

For food inflation, southern regions of Cross River, Edo and Rivers States recorded the highest rates with 4.37 per cent, 3.95 per cent and 3.91 per cent respectively.

It was lowest in southeast Anambra State (0.63 per cent), southwest Oyo State (0.91 per cent) and northeast Bauchi State (1.00 per cent).

• About
• Latest Posts

By Ezinwanne Onwuka (Senior Reporter)

Ezinwanne Onwuka, senior staff reporter and columnist with WAP is a Nigerian-based writer and content developer. She holds a Bachelor of Arts degree in Philosophy from the prestigious University of Nigeria, Nsukka. Her interests include reading, writing, researching and graphic designing.

Latest posts by By Ezinwanne Onwuka (Senior Reporter) (see all)

• Kano Assembly Approves Murtala Garo as Deputy Governor - April 28, 2026
• Sanwo-Olu Endorses Deputy Hamzat for 2027 Governorship, Calls Him “Best Man for the Job” - April 28, 2026
• Security Operatives Kill 2 Nigerians in South Africa - April 28, 2026